Centiva Capital LP Sells 186,122 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Centiva Capital LP trimmed its position in shares of Leslie’s, Inc. (NASDAQ:LESL) by 52.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,685 shares of the company’s stock after selling 186,122 shares during the period. Centiva Capital LP owned about 0.09% of Leslie’s worth $374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new stake in Leslie’s in the fourth quarter worth about $365,000. BNP Paribas Financial Markets purchased a new stake in Leslie’s in the fourth quarter worth about $2,774,000. Algert Global LLC lifted its holdings in Leslie’s by 80.5% in the fourth quarter. Algert Global LLC now owns 340,920 shares of the company’s stock worth $760,000 after buying an additional 152,080 shares during the period. Ariel Investments LLC lifted its holdings in Leslie’s by 8.5% in the fourth quarter. Ariel Investments LLC now owns 50,527,789 shares of the company’s stock worth $112,677,000 after buying an additional 3,975,268 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in Leslie’s in the fourth quarter worth about $77,000.

Analyst Ratings Changes

Several analysts have commented on LESL shares. The Goldman Sachs Group lowered their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Bank of America lowered shares of Leslie’s from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $2.65 to $1.40 in a report on Tuesday, February 18th. Morgan Stanley lowered their price objective on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Guggenheim restated a “neutral” rating on shares of Leslie’s in a report on Friday, February 7th. Finally, Stifel Nicolaus raised shares of Leslie’s from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.27.

Leslie’s Stock Up 4.7%

Shares of LESL opened at $0.73 on Monday. The company has a market capitalization of $135.72 million, a P/E ratio of -4.88 and a beta of 1.32. The firm has a 50 day moving average of $0.72 and a 200 day moving average of $1.71. Leslie’s, Inc. has a twelve month low of $0.51 and a twelve month high of $6.02.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share 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%.

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.