Centiva Capital LP Reduces Stock Position in Leslie’s, Inc. (NASDAQ:LESL)

Centiva Capital LP lowered its stake in Leslie’s, Inc. (NASDAQ:LESL) by 52.6% during the 4th quarter, HoldingsChannel reports. The firm owned 167,685 shares of the company’s stock after selling 186,122 shares during the period. Centiva Capital LP’s holdings in Leslie’s were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its holdings in Leslie’s by 0.4% in the fourth quarter. Northern Trust Corp now owns 2,092,559 shares of the company’s stock worth $4,666,000 after purchasing an additional 7,417 shares during the last quarter. Kerrisdale Advisers LLC boosted its stake in shares of Leslie’s by 6.0% during the 4th quarter. Kerrisdale Advisers LLC now owns 160,438 shares of the company’s stock worth $358,000 after acquiring an additional 9,033 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Leslie’s by 92.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock worth $48,000 after acquiring an additional 10,396 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Leslie’s by 10.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 112,796 shares of the company’s stock worth $252,000 after acquiring an additional 11,025 shares during the last quarter. Finally, Mariner LLC purchased a new position in shares of Leslie’s during the 4th quarter worth $25,000.

Leslie’s Price Performance

Shares of LESL stock opened at $0.73 on Monday. The company has a market capitalization of $135.72 million, a price-to-earnings ratio of -4.88 and a beta of 1.32. Leslie’s, Inc. has a one year low of $0.51 and a one year high of $6.02. The company’s fifty day moving average price is $0.72 and its 200-day moving average price is $1.71.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings data 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 net margin of 2.13% and a negative return on equity of 6.11%.

Analyst Ratings Changes

LESL has been the topic of several analyst reports. Guggenheim reiterated a “neutral” rating on shares of Leslie’s in a research note on Friday, February 7th. Morgan Stanley dropped their price target on shares of 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. Robert W. Baird set a $3.00 price target on shares of Leslie’s in a research note on Tuesday, February 4th. Stifel Nicolaus upgraded shares of Leslie’s from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Finally, Telsey Advisory Group dropped their price target on shares of Leslie’s from $3.00 to $1.25 and set a “market perform” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.27.

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.