Verition Fund Management LLC Makes New Investment in The Children’s Place, Inc. (NASDAQ:PLCE)

Verition Fund Management LLC purchased a new position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,842 shares of the company’s stock, valued at approximately $323,000.

Several other institutional investors have also recently made changes to their positions in PLCE. Covestor Ltd purchased a new position in Children’s Place in the third quarter worth approximately $27,000. Quantbot Technologies LP purchased a new position in shares of Children’s Place during the 3rd quarter worth $33,000. Dark Forest Capital Management LP grew its holdings 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 purchasing an additional 7,272 shares during the period. FORA Capital LLC acquired a new stake in shares of Children’s Place during the 3rd quarter worth about $158,000. Finally, Point72 DIFC Ltd raised its holdings in Children’s Place by 42.3% in the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock valued at $175,000 after buying an additional 6,383 shares during the period.

Children’s Place Trading Down 14.2 %

Children’s Place stock opened at $10.83 on Friday. The firm has a market capitalization of $138.36 million, a P/E ratio of -0.76 and a beta of 2.28. The Children’s Place, Inc. has a twelve month low of $4.77 and a twelve month high of $38.03. The stock’s fifty day simple moving average is $13.64 and its 200-day simple moving average is $10.79.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.59). Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same period last year, the business posted $3.22 earnings per share.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PLCE shares. StockNews.com cut shares of Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. UBS Group lowered their target price on Children’s Place from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Children’s Place currently has an average rating of “Hold” and a consensus target price of $11.00.

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.