Algert Global LLC Boosts Position in Leslie’s, Inc. (NASDAQ:LESL)

Algert Global LLC grew its position in Leslie’s, Inc. (NASDAQ:LESL) by 971.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,840 shares of the company’s stock after buying an additional 171,216 shares during the quarter. Algert Global LLC owned 0.10% of Leslie’s worth $597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new position in Leslie’s during the 2nd quarter valued at about $26,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Leslie’s in the third quarter valued at approximately $32,000. Blue Trust Inc. increased its stake in shares of Leslie’s by 1,089.6% during 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 in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Leslie’s during the 2nd quarter worth approximately $55,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Leslie’s in the 2nd quarter valued at approximately $57,000.

Wall Street Analyst Weigh In

LESL has been the subject of several recent research reports. Mizuho dropped their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Robert W. Baird reduced their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Finally, Telsey Advisory Group lowered their price target 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.77.

Leslie’s Stock Performance

LESL opened at $2.30 on Friday. Leslie’s, Inc. has a 1 year low of $2.25 and a 1 year high of $8.21. The company’s 50 day simple moving average is $2.82 and its 200 day simple moving average is $3.45. The stock has a market capitalization of $425.29 million, a PE ratio of -19.17, a P/E/G ratio of 1.68 and a beta of 1.19.

Leslie’s 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.