Charles Schwab Investment Management Inc. lessened its position in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 47.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,122 shares of the company's stock after selling 61,090 shares during the period. Charles Schwab Investment Management Inc. owned 0.53% of Children's Place worth $713,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. ARS Investment Partners LLC bought a new position in Children's Place in the 4th quarter worth approximately $105,000. FNY Investment Advisers LLC purchased a new stake in shares of Children's Place during the fourth quarter worth $31,000. Centiva Capital LP boosted its holdings in shares of Children's Place by 13.5% in the third quarter. Centiva Capital LP now owns 21,321 shares of the company's stock worth $330,000 after acquiring an additional 2,530 shares during the period. Verition Fund Management LLC bought a new stake in shares of Children's Place during the 3rd quarter valued at $323,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Children's Place during the 3rd quarter worth about $2,772,000.
Wall Street Analyst Weigh In
Separately, UBS Group decreased their price target on Children's Place from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th.
View Our Latest Report on PLCE
Children's Place Stock Down 14.8 %
Shares of PLCE stock traded down $1.36 on Thursday, reaching $7.85. The company's stock had a trading volume of 569,353 shares, compared to its average volume of 1,115,908. The company has a market capitalization of $100.36 million, a P/E ratio of -0.55 and a beta of 2.47. The Children's Place, Inc. has a 12-month low of $4.77 and a 12-month high of $19.74. The stock's 50 day simple moving average is $8.99 and its 200-day simple moving average is $11.62.
Children's Place Profile
(
Free Report)
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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