Private Management Group Inc. Sells 576,119 Shares of Leslie's, Inc. (NASDAQ:LESL)

Private Management Group Inc. lowered its holdings in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,993,159 shares of the company's stock after selling 576,119 shares during the quarter. Private Management Group Inc. owned 2.70% of Leslie's worth $11,135,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. SG Americas Securities LLC raised its holdings in Leslie's by 271.8% during the 4th quarter. SG Americas Securities LLC now owns 111,763 shares of the company's stock worth $249,000 after buying an additional 81,706 shares during the period. Lind Value II ApS bought a new stake in shares of Leslie's during the fourth quarter worth $10,258,000. JPMorgan Chase & Co. raised its holdings in shares of Leslie's by 142.5% during the third quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company's stock worth $1,855,000 after acquiring an additional 344,873 shares during the period. Virtu Financial LLC lifted its position in Leslie's by 205.3% in the 3rd quarter. Virtu Financial LLC now owns 48,496 shares of the company's stock valued at $153,000 after acquiring an additional 32,611 shares in the last quarter. Finally, Barclays PLC boosted its stake in Leslie's by 125.1% in the 3rd quarter. Barclays PLC now owns 399,169 shares of the company's stock worth $1,260,000 after purchasing an additional 221,809 shares during the period.

Analyst Ratings Changes

Several research firms have issued reports on LESL. Telsey Advisory Group dropped their price target on Leslie's from $3.75 to $3.00 and set a "market perform" rating on the stock in a research note on Friday. Robert W. Baird decreased their target price on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Tuesday, November 26th. Stifel Nicolaus lowered their target price on Leslie's from $1.90 to $1.55 and set a "sell" rating on the stock in a research report on Friday. Mizuho dropped their price target on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Guggenheim restated a "neutral" rating on shares of Leslie's in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Leslie's presently has an average rating of "Hold" and a consensus price target of $3.28.

Leslie's Price Performance

Leslie's stock traded down $0.60 during trading hours on Friday, hitting $1.64. The stock had a trading volume of 20,680,504 shares, compared to its average volume of 5,108,085. The business's 50 day simple moving average is $2.22 and its 200-day simple moving average is $2.65. Leslie's, Inc. has a one year low of $1.63 and a one year high of $8.21.

Leslie's (NASDAQ:LESL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie's had a negative return on equity of 6.11% and a negative net margin of 2.13%. Analysts expect that Leslie's, Inc. will post 0.08 EPS for the current year.

Leslie's Company Profile

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.