Man Group plc Takes Position in The Children’s Place, Inc. (NASDAQ:PLCE)

Man Group plc purchased a new position in The Children’s Place, Inc. (NASDAQ:PLCE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,578 shares of the company’s stock, valued at approximately $111,000. Man Group plc owned about 0.08% of Children’s Place as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quinn Opportunity Partners LLC lifted its holdings in Children’s Place by 76.8% during the fourth quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company’s stock worth $6,674,000 after acquiring an additional 277,185 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in Children’s Place during the fourth quarter worth approximately $1,887,000. Alpine Global Management LLC acquired a new position in Children’s Place during the fourth quarter worth approximately $1,789,000. Quarry LP acquired a new position in Children’s Place during the fourth quarter worth approximately $1,562,000. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Children’s Place by 967.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company’s stock worth $1,700,000 after acquiring an additional 147,321 shares during the period.

Wall Street Analyst Weigh In

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

Children’s Place Stock Up 5.8%

NASDAQ PLCE opened at $6.19 on Thursday. The company has a market capitalization of $79.14 million, a price-to-earnings ratio of -0.44 and a beta of 1.87. The Children’s Place, Inc. has a twelve month low of $4.77 and a twelve month high of $19.74. The stock has a fifty day simple moving average of $6.43 and a 200 day simple moving average of $9.33.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data on Friday, April 11th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $374.32 million. During the same period last year, the company earned ($7.38) EPS.

About Children’s Place

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.