FNY Investment Advisers LLC Acquires New Stake in The Children’s Place, Inc. (NASDAQ:PLCE)

FNY Investment Advisers LLC bought a new position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,000 shares of the company’s stock, valued at approximately $31,000.

Other large investors have also modified their holdings of the company. Shellback Capital LP purchased a new position in shares of Children’s Place in the second quarter worth about $423,000. Susquehanna Fundamental Investments LLC purchased a new position in Children’s Place in the 2nd quarter worth approximately $464,000. Quest Partners LLC lifted its stake in Children’s Place by 4,217.6% in the 3rd quarter. Quest Partners LLC now owns 52,675 shares of the company’s stock worth $815,000 after purchasing an additional 51,455 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Children’s Place during the 3rd quarter worth approximately $2,772,000. Finally, Dark Forest Capital Management LP increased its holdings in shares of Children’s Place by 67.7% in the second quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock valued at $147,000 after purchasing an additional 7,272 shares during the last quarter.

Children’s Place Price Performance

Shares of NASDAQ PLCE opened at $10.53 on Thursday. The Children’s Place, Inc. has a 1 year low of $4.77 and a 1 year high of $38.03. The company has a market capitalization of $134.63 million, a P/E ratio of -0.74 and a beta of 2.36. The company has a 50 day simple moving average of $12.66 and a 200-day simple moving average of $10.93.

Children’s Place (NASDAQ:PLCE) last posted its earnings results on Tuesday, December 3rd. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.59). 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 firm posted $3.22 EPS.

Analyst Ratings Changes

Separately, UBS Group lowered their price objective on Children’s Place from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.00.

Children’s Place Profile

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.