Cubist Systematic Strategies LLC Has $105,000 Holdings in The Children's Place, Inc. (NASDAQ:PLCE)

Cubist Systematic Strategies LLC cut its stake in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 88.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,951 shares of the company's stock after selling 97,000 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.10% of Children's Place worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC boosted its stake in shares of Children's Place by 8.5% during the 4th quarter. Virtu Financial LLC now owns 8,793 shares of the company's stock worth $204,000 after buying an additional 692 shares during the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Children's Place by 67.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company's stock worth $147,000 after buying an additional 7,272 shares during the last quarter. Point72 DIFC Ltd boosted its stake in shares of Children's Place by 42.3% during the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company's stock worth $175,000 after buying an additional 6,383 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Children's Place by 344.1% during the 1st quarter. SG Americas Securities LLC now owns 26,139 shares of the company's stock worth $302,000 after buying an additional 20,253 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Children's Place by 105.5% during the 2nd quarter. XTX Topco Ltd now owns 27,038 shares of the company's stock worth $220,000 after buying an additional 13,878 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Children's Place from a "hold" rating to a "sell" rating in a research note on Wednesday, August 21st. UBS Group upped their target price on shares of Children's Place from $12.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, Children's Place presently has a consensus rating of "Hold" and an average price target of $16.00.

Children's Place Stock Down 21.9 %

Shares of PLCE stock traded down $3.08 on Wednesday, reaching $10.96. The stock had a trading volume of 2,234,149 shares, compared to its average volume of 1,599,058. The firm has a market capitalization of $139.28 million, a price-to-earnings ratio of -0.95 and a beta of 2.23. The Children's Place, Inc. has a 12 month low of $4.77 and a 12 month high of $38.03. The firm's 50-day moving average is $10.34 and its two-hundred day moving average is $9.51.

Children's Place (NASDAQ:PLCE - Get Free Report) last released its quarterly earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of ($1.10) by $1.40. The firm had revenue of $319.66 million for the quarter. Children's Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%.

Children's Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.