XTX Topco Ltd Raises Position in Leslie's, Inc. (NASDAQ:LESL)

XTX Topco Ltd lifted its position in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 1,219.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 336,539 shares of the company's stock after acquiring an additional 311,035 shares during the period. XTX Topco Ltd owned 0.18% of Leslie's worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LESL. Ariel Investments LLC grew its position in Leslie's by 46.5% during the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company's stock worth $153,360,000 after purchasing an additional 11,618,490 shares during the period. Private Management Group Inc. boosted its stake in shares of Leslie's by 121.3% during the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company's stock worth $17,599,000 after acquiring an additional 3,052,539 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Leslie's during the 3rd quarter worth about $6,470,000. Squarepoint Ops LLC boosted its stake in shares of Leslie's by 1,300.5% during the 2nd quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company's stock worth $4,977,000 after acquiring an additional 1,103,096 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Leslie's by 477.4% during the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company's stock worth $4,653,000 after acquiring an additional 918,084 shares in the last quarter.

Leslie's Stock Performance

Shares of NASDAQ LESL traded down $0.05 during midday trading on Tuesday, reaching $2.60. 6,549,672 shares of the stock were exchanged, compared to its average volume of 4,518,646. The company has a 50 day simple moving average of $2.76 and a 200 day simple moving average of $3.31. The stock has a market capitalization of $480.92 million, a P/E ratio of -22.08 and a beta of 1.12. Leslie's, Inc. has a twelve month low of $2.20 and a twelve month high of $8.21.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.09). The firm had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. Leslie's had a negative return on equity of 6.11% and a negative net margin of 1.76%. The firm's quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. On average, research analysts expect that Leslie's, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LESL shares. Robert W. Baird lowered their target price on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Telsey Advisory Group cut their price objective on shares of Leslie's from $4.00 to $3.75 and set a "market perform" rating for the company in a report on Tuesday, November 26th. Finally, William Blair reiterated a "market perform" rating on shares of Leslie's in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $3.61.

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.