Clarkston Capital Partners LLC Sells 25,700 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Clarkston Capital Partners LLC decreased its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,432,850 shares of the company’s stock after selling 25,700 shares during the quarter. Leslie’s accounts for approximately 1.4% of Clarkston Capital Partners LLC’s holdings, making the stock its 23rd biggest position. Clarkston Capital Partners LLC owned approximately 0.13% of Leslie’s worth $74,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ariel Investments LLC raised its holdings in shares of Leslie’s by 46.5% during the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after purchasing an additional 11,618,490 shares during the last quarter. Janus Henderson Group PLC grew its position in Leslie’s by 2.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock worth $47,581,000 after purchasing an additional 156,938 shares during the period. Private Management Group Inc. raised its stake in Leslie’s by 121.3% during the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock valued at $17,599,000 after buying an additional 3,052,539 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Leslie’s by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock valued at $9,093,000 after buying an additional 345,064 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Leslie’s by 24.3% in the 2nd quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock worth $8,785,000 after buying an additional 410,128 shares during the last quarter.

Leslie’s Price Performance

Shares of NASDAQ:LESL opened at $3.02 on Monday. Leslie’s, Inc. has a 1-year low of $2.42 and a 1-year high of $8.21. The firm’s 50 day simple moving average is $2.85 and its two-hundred day simple moving average is $3.57. The company has a market capitalization of $558.43 million, a P/E ratio of 151.00, a P/E/G ratio of 2.10 and a beta of 1.19.

Analysts Set New Price Targets

A number of research firms have weighed in on LESL. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 target price on shares of Leslie’s in a report on Tuesday, August 27th. Mizuho dropped their price objective 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. One investment analyst has rated the stock with a sell rating, eight have given 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 a consensus target price of $3.96.

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.