Paloma Partners Management Co Has $491,000 Position in Leslie’s, Inc. (NASDAQ:LESL)

Paloma Partners Management Co grew its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 22.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 220,000 shares of the company’s stock after buying an additional 39,831 shares during the period. Paloma Partners Management Co’s holdings in Leslie’s were worth $491,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mariner LLC acquired a new position in shares of Leslie’s during the fourth quarter valued at about $25,000. Cibc World Markets Corp acquired a new position in Leslie’s in the fourth quarter worth about $38,000. Gitterman Wealth Management LLC bought a new position in Leslie’s during the fourth quarter worth about $41,000. Boothbay Fund Management LLC acquired a new stake in Leslie’s during the fourth quarter valued at approximately $41,000. Finally, Blair William & Co. IL bought a new stake in shares of Leslie’s in the 4th quarter valued at approximately $48,000.

Leslie’s Stock Performance

Shares of LESL stock opened at $0.63 on Tuesday. The stock’s fifty day moving average is $0.81 and its 200-day moving average is $1.84. The stock has a market capitalization of $116.47 million, a PE ratio of -4.19 and a beta of 1.30. Leslie’s, Inc. has a 52 week low of $0.51 and a 52 week high of $6.02.

Leslie’s (NASDAQ:LESL) last announced 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%.

Wall Street Analyst Weigh In

LESL has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Robert W. Baird set a $3.00 price target on Leslie’s in a research note on Tuesday, February 4th. Stifel Nicolaus raised Leslie’s from a “sell” rating to a “hold” rating in a research note on Friday. Morgan Stanley decreased their price target on Leslie’s from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Finally, Bank of America lowered Leslie’s from a “buy” rating to an “underperform” rating and decreased their price target for the company from $2.65 to $1.40 in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $2.65.

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.