Alpine Global Management LLC Takes $1.79 Million Position in The Children's Place, Inc. (NASDAQ:PLCE)

Alpine Global Management LLC purchased a new stake in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 171,037 shares of the company's stock, valued at approximately $1,789,000. Alpine Global Management LLC owned approximately 1.34% of Children's Place as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Quinn Opportunity Partners LLC raised its position in shares of 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 purchasing an additional 277,185 shares during the period. Geode Capital Management LLC lifted its stake in Children's Place by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 144,330 shares of the company's stock valued at $1,510,000 after buying an additional 5,989 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Children's Place in the fourth quarter worth about $161,000. ARS Investment Partners LLC purchased a new position in shares of Children's Place in the fourth quarter worth approximately $105,000. Finally, Covestor Ltd increased its position in shares of Children's Place by 156.3% in the fourth quarter. Covestor Ltd now owns 4,408 shares of the company's stock worth $46,000 after acquiring an additional 2,688 shares in the last quarter.

Analyst Ratings Changes

Separately, UBS Group decreased their price objective on shares of 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 Performance

NASDAQ:PLCE traded down $0.06 during trading hours on Friday, hitting $5.37. 570,088 shares of the company's stock traded hands, compared to its average volume of 1,051,399. The stock's fifty day moving average price is $7.56 and its two-hundred day moving average price is $10.44. The firm has a market cap of $68.66 million, a P/E ratio of -0.38 and a beta of 2.03. The Children's Place, Inc. has a twelve month low of $4.77 and a twelve month high of $19.74.

Children's Place (NASDAQ:PLCE - Get Free Report) last released its earnings results on Friday, April 11th. The company reported ($0.75) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.95). The business had revenue of $380.91 million for the quarter, compared to analysts' expectations of $374.32 million. 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 firm 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.