683 Capital Management LLC Acquires Shares of 43,923 The Children’s Place, Inc. (NASDAQ:PLCE)

683 Capital Management LLC bought a new stake in The Children’s Place, Inc. (NASDAQ:PLCE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,923 shares of the company’s stock, valued at approximately $459,000. 683 Capital Management LLC owned 0.34% of Children’s Place at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd raised its position in Children’s Place by 156.3% in the 4th quarter. Covestor Ltd now owns 4,408 shares of the company’s stock worth $46,000 after purchasing an additional 2,688 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Children’s Place in the fourth quarter worth approximately $31,000. Northern Trust Corp raised its holdings in shares of Children’s Place by 8.6% in the fourth quarter. Northern Trust Corp now owns 45,094 shares of the company’s stock worth $472,000 after buying an additional 3,557 shares during the period. Tower Research Capital LLC TRC purchased a new position in Children’s Place during the 4th quarter valued at $44,000. Finally, Geode Capital Management LLC grew its position in Children’s Place by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 144,330 shares of the company’s stock valued at $1,510,000 after acquiring an additional 5,989 shares during the last quarter.

Analyst Ratings Changes

Separately, UBS Group decreased their target price on Children’s Place from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th.

Children’s Place Stock Performance

Shares of NASDAQ:PLCE opened at $5.20 on Friday. The firm’s 50 day simple moving average is $7.16 and its 200-day simple moving average is $10.16. The Children’s Place, Inc. has a one year low of $4.77 and a one year high of $19.74. The firm has a market cap of $66.48 million, a PE ratio of -0.37 and a beta of 2.03.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data 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 firm had revenue of $380.91 million for the quarter, compared to analysts’ expectations of $374.32 million. During the same quarter in the previous year, the business earned ($7.38) earnings per share.

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.