Edgestream Partners L.P. Buys Shares of 173,263 Leslie’s, Inc. (NASDAQ:LESL)

Edgestream Partners L.P. bought a new stake in Leslie’s, Inc. (NASDAQ:LESL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 173,263 shares of the company’s stock, valued at approximately $1,627,000. Edgestream Partners L.P. owned about 0.09% of Leslie’s as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its stake in Leslie’s by 11.3% in the second quarter. Handelsbanken Fonder AB now owns 25,600 shares of the company’s stock valued at $240,000 after acquiring an additional 2,600 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Leslie’s by 40.1% in the second quarter. Brown Brothers Harriman & Co. now owns 28,015 shares of the company’s stock valued at $263,000 after acquiring an additional 8,015 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Leslie’s by 29.9% in the second quarter. Legacy Wealth Asset Management LLC now owns 27,906 shares of the company’s stock valued at $262,000 after acquiring an additional 6,429 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Leslie’s by 1.0% in the first quarter. Public Employees Retirement Association of Colorado now owns 935,396 shares of the company’s stock valued at $10,299,000 after acquiring an additional 9,397 shares during the last quarter. Finally, Wealth Alliance purchased a new position in Leslie’s in the first quarter valued at about $178,000.

Leslie’s Trading Down 0.9 %

Shares of LESL stock opened at $5.69 on Tuesday. The firm’s 50 day moving average is $5.18 and its 200 day moving average is $7.23. The stock has a market capitalization of $1.05 billion, a P/E ratio of 15.38, a PEG ratio of 3.54 and a beta of 0.76. Leslie’s, Inc. has a 12 month low of $4.39 and a 12 month high of $17.13.

Analyst Upgrades and Downgrades

LESL has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of Leslie’s from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Telsey Advisory Group restated a “market perform” rating and set a $7.50 price target on shares of Leslie’s in a research note on Thursday, August 17th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Leslie’s presently has a consensus rating of “Hold” and a consensus target price of $7.31.

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 offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.