Alpine Global Management LLC Invests $1.79 Million in The Children's Place, Inc. (NASDAQ:PLCE)

Alpine Global Management LLC acquired a new stake in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 171,037 shares of the company's stock, valued at approximately $1,789,000. Alpine Global Management LLC owned about 1.34% of Children's Place at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new stake in shares of Children's Place in the 4th quarter valued at $31,000. Tower Research Capital LLC TRC acquired a new stake in Children's Place during the fourth quarter worth approximately $44,000. Covestor Ltd increased its holdings in Children's Place by 156.3% in the fourth quarter. Covestor Ltd now owns 4,408 shares of the company's stock worth $46,000 after purchasing an additional 2,688 shares in the last quarter. ARS Investment Partners LLC acquired a new position in Children's Place in the fourth quarter valued at approximately $105,000. Finally, XTX Topco Ltd bought a new position in shares of Children's Place during the 4th quarter worth approximately $161,000.

Children's Place Trading Down 5.4 %

Children's Place stock opened at $5.40 on Tuesday. The Children's Place, Inc. has a 1-year low of $4.77 and a 1-year high of $19.74. The firm has a market capitalization of $69.04 million, a price-to-earnings ratio of -0.38 and a beta of 2.03. The firm's fifty day moving average price is $7.89 and its two-hundred day moving average price is $10.63.

Children's Place (NASDAQ:PLCE - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.95). The company had revenue of $380.91 million during the quarter, compared to analysts' expectations of $374.32 million. Children's Place had a negative return on equity of 4,732.98% and a negative net margin of 12.47%. During the same period last year, the company earned ($7.38) earnings per share.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their target price on shares of Children's Place from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th.

About Children's Place

The Children's Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children's Place, Baby Place, and Gymboree. It operates through The Children's Place U.S.

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