Two Sigma Investments LP Acquires Shares of 105,476 The Children's Place, Inc. (NASDAQ:PLCE)

Two Sigma Investments LP bought a new position in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 105,476 shares of the company's stock, valued at approximately $1,103,000. Two Sigma Investments LP owned approximately 0.83% of Children's Place as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Children's Place by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 144,330 shares of the company's stock worth $1,510,000 after purchasing an additional 5,989 shares in the last quarter. Covestor Ltd grew its holdings in shares of Children's Place by 156.3% during the fourth quarter. Covestor Ltd now owns 4,408 shares of the company's stock worth $46,000 after buying an additional 2,688 shares in the last quarter. Quinn Opportunity Partners LLC raised its position 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 buying an additional 277,185 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Children's Place in the fourth quarter worth about $161,000. Finally, Tower Research Capital LLC TRC acquired a new position in Children's Place during the fourth quarter worth about $44,000.

Children's Place Stock Performance

NASDAQ:PLCE opened at $6.59 on Friday. The Children's Place, Inc. has a one year low of $4.77 and a one year high of $19.74. The stock has a market cap of $84.25 million, a PE ratio of -0.46 and a beta of 1.81. The stock has a 50 day moving average price of $6.10 and a 200 day moving average price of $8.98.

Children's Place (NASDAQ:PLCE - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.95). The company had revenue of $380.91 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned ($7.38) EPS.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut 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 report on Tuesday, March 4th.

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.

Want to see what other hedge funds are holding PLCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Children's Place, Inc. (NASDAQ:PLCE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.