Rhumbline Advisers Sells 13,663 Shares of The Children’s Place, Inc. (NASDAQ:PLCE)

Rhumbline Advisers lowered its holdings in The Children’s Place, Inc. (NASDAQ:PLCE) by 69.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,940 shares of the company’s stock after selling 13,663 shares during the period. Rhumbline Advisers’ holdings in Children’s Place were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PLCE. Mithaq Capital SPC acquired a new stake in shares of Children’s Place in the fourth quarter valued at approximately $7,999,000. SG Americas Securities LLC increased its stake in 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 acquiring an additional 20,253 shares during the period. Partnership Wealth Management LLC increased its stake in Children’s Place by 80.3% during the 1st quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company’s stock worth $1,496,000 after acquiring an additional 57,740 shares during the period. ARS Investment Partners LLC acquired a new position in Children’s Place in the 2nd quarter valued at $247,000. Finally, Virtu Financial LLC lifted its position 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 valued at $204,000 after acquiring an additional 692 shares during the period.

Children’s Place Stock Performance

Children’s Place stock opened at $15.48 on Tuesday. The Children’s Place, Inc. has a 52 week low of $4.77 and a 52 week high of $38.03. The stock has a market capitalization of $196.91 million, a P/E ratio of -1.19 and a beta of 2.15. The stock has a fifty day moving average of $8.98 and a 200-day moving average of $9.41.

Children’s Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of ($1.10) by $1.40. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 10.52%. The firm had revenue of $319.66 million during the quarter.

Analyst Ratings Changes

A number of research analysts recently commented on PLCE shares. StockNews.com cut Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. UBS Group raised 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 research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, Children’s Place currently has a consensus rating of “Hold” and a consensus price target of $16.00.

About Children’s Place

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.