Natixis Advisors LLC Sells 1,657,967 Shares of Leslie's, Inc. (NASDAQ:LESL)

Natixis Advisors LLC lowered its stake in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 92.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,349 shares of the company's stock after selling 1,657,967 shares during the quarter. Natixis Advisors LLC owned 0.07% of Leslie's worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LESL. nVerses Capital LLC purchased a new position in Leslie's in the 2nd quarter worth $26,000. Wealth Enhancement Advisory Services LLC purchased a new position in Leslie's in the 3rd quarter worth $32,000. Blue Trust Inc. raised its position in Leslie's by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company's stock worth $35,000 after purchasing an additional 10,144 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in Leslie's in the 2nd quarter worth $55,000. Finally, Los Angeles Capital Management LLC purchased a new position in Leslie's in the 2nd quarter worth $57,000.

Leslie's Stock Down 7.3 %

Shares of LESL traded down $0.18 during trading hours on Friday, reaching $2.30. 6,482,497 shares of the company traded hands, compared to its average volume of 4,413,372. The company's fifty day moving average price is $2.84 and its two-hundred day moving average price is $3.47. The company has a market capitalization of $425.29 million, a price-to-earnings ratio of -19.17, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19. Leslie's, Inc. has a 12 month low of $2.25 and a 12 month high of $8.21.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LESL shares. William Blair reiterated a "market perform" rating on shares of Leslie's in a research report on Tuesday. Telsey Advisory Group cut their price target on shares of Leslie's from $4.00 to $3.75 and set a "market perform" rating on the stock in a report on Tuesday. Mizuho cut their price target on shares of Leslie's from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Finally, Robert W. Baird cut their price target on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $3.89.

About Leslie's

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.