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

Clarkston Capital Partners LLC cut its stake in Leslie’s, Inc. (NASDAQ:LESL) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,432,850 shares of the company’s stock after selling 25,700 shares during the quarter. Leslie’s comprises about 1.4% of Clarkston Capital Partners LLC’s holdings, making the stock its 23rd biggest holding. Clarkston Capital Partners LLC owned about 12.67% of Leslie’s worth $74,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Leslie’s during the second quarter valued at about $26,000. Covestor Ltd grew its holdings in shares of Leslie’s by 32,510.0% during the 1st quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $42,000 after acquiring an additional 6,502 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Leslie’s in the 3rd quarter worth approximately $32,000. Blue Trust Inc. lifted its stake in shares of Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after purchasing an additional 10,144 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Leslie’s during the second quarter valued at approximately $55,000.

Analyst Ratings Changes

Several brokerages have commented on LESL. Mizuho lowered their price objective on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price target on shares of Leslie’s in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.96.

Leslie’s Stock Performance

Shares of LESL stock opened at $3.02 on Monday. The company has a market capitalization of $558.43 million, a price-to-earnings ratio of 151.00, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. Leslie’s, Inc. has a one year low of $2.42 and a one year high of $8.21. The company’s 50-day moving average is $2.85 and its 200 day moving average is $3.57.

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.