Quinn Opportunity Partners LLC increased its holdings in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 76.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 638,018 shares of the company's stock after purchasing an additional 277,185 shares during the quarter. Quinn Opportunity Partners LLC owned 4.99% of Children's Place worth $6,674,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Children's Place by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 144,330 shares of the company's stock valued at $1,510,000 after purchasing an additional 5,989 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Children's Place during the third quarter worth approximately $323,000. ARS Investment Partners LLC acquired a new stake in shares of Children's Place in the fourth quarter valued at approximately $105,000. Covestor Ltd increased its stake in Children's Place by 156.3% during the 4th quarter. Covestor Ltd now owns 4,408 shares of the company's stock worth $46,000 after acquiring an additional 2,688 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Children's Place in the 4th quarter valued at about $31,000.
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 note on Tuesday, March 4th.
Check Out Our Latest Analysis on PLCE
Children's Place Stock Up 6.5 %
Shares of PLCE stock traded up $0.35 during trading hours on Wednesday, hitting $5.77. 538,060 shares of the company's stock traded hands, compared to its average volume of 390,796. The Children's Place, Inc. has a 12 month low of $4.77 and a 12 month high of $19.74. The stock has a market cap of $73.77 million, a PE ratio of -0.41 and a beta of 2.03. The stock's 50 day simple moving average is $8.22 and its 200 day simple moving average is $10.91.
Children's Place (NASDAQ:PLCE - Get Free Report) last announced its earnings results on Friday, April 11th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.95). Children's Place had a negative return on equity of 4,732.98% and a negative net margin of 12.47%. The company had revenue of $380.91 million for the quarter, compared to analyst estimates of $374.32 million. During the same period in the previous year, the firm posted ($7.38) earnings per share.
Children's Place Company 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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