Tue Oct 01 08:46:59 UTC 2024: ## Dark Forest Capital Management Boosts Leslie’s, Inc. Holdings by 54.2% in Q2
**New York, NY** – Dark Forest Capital Management LP, an institutional investor, significantly increased its stake in Leslie’s, Inc. (NASDAQ:LESL) during the second quarter of 2024, according to the firm’s recent Form 13F filing. The investment management firm now owns 21,776 shares of the company’s stock, a 54.2% increase from the previous quarter, valued at $91,000.
This move comes amidst a flurry of activity from other hedge funds regarding Leslie’s, with several institutions adjusting their positions in the company. Notably, Blueshift Asset Management LLC lifted its holdings in Leslie’s by 9.0% in the fourth quarter, now owning 16,787 shares valued at $116,000.
Other notable investors include ProShare Advisors LLC, which raised its position in shares of Leslie’s by 7.4% during the first quarter, and Texas Permanent School Fund Corp, which boosted its stake by 1.7% during the same period.
Leslie’s, Inc. operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells a wide range of pool and spa supplies and related products, including chemicals, equipment, parts, cleaning and maintenance tools, safety gear, recreational items, and fitness products.
While analysts remain divided on the stock’s future, with some issuing “hold” and “sell” ratings, others remain optimistic. Bank of America, for instance, maintains a “buy” rating with a target price of $5.15.
Leslie’s stock opened at $3.16 on Tuesday, with a 12-month low of $2.42 and a 12-month high of $8.21. The company boasts a market capitalization of $583.79 million and a price-to-earnings-growth ratio of 8.30.
Investors and analysts will be closely watching Leslie’s performance in the coming months to determine if the recent surge in institutional interest translates into sustained growth and profitability for the company.
First Piper 