Alpine Global Management LLC Buys New Position in The Children's Place, Inc. (NASDAQ:PLCE)

Alpine Global Management LLC acquired a new stake in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Children's Place by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 144,330 shares of the company's stock valued at $1,510,000 after purchasing an additional 5,989 shares in the last quarter. Covestor Ltd grew its stake in shares of Children's Place by 156.3% during the 4th 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. Quinn Opportunity Partners LLC raised its holdings in shares of Children's Place by 76.8% in the fourth quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company's stock valued at $6,674,000 after purchasing an additional 277,185 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Children's Place in the fourth quarter valued at approximately $161,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Children's Place in the fourth quarter worth $44,000.

Analyst Ratings Changes

Separately, UBS Group dropped their target price on Children's Place from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th.

Children's Place Stock Performance

PLCE traded up $0.32 during trading hours on Wednesday, reaching $6.17. The company's stock had a trading volume of 144,919 shares, compared to its average volume of 991,125. The company's 50-day moving average is $6.49 and its 200-day moving average is $9.35. The Children's Place, Inc. has a 52 week low of $4.77 and a 52 week high of $19.74. The firm has a market cap of $78.85 million, a PE ratio of -0.43 and a beta of 1.87.

Children's Place (NASDAQ:PLCE - Get Free Report) last released its quarterly 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 firm had revenue of $380.91 million for the quarter, compared to analyst estimates of $374.32 million. 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 in the previous year, the business posted ($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.