Susquehanna Fundamental Investments LLC Takes Position in The Children’s Place, Inc. (NASDAQ:PLCE)

Susquehanna Fundamental Investments LLC acquired a new position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 57,012 shares of the company’s stock, valued at approximately $464,000. Susquehanna Fundamental Investments LLC owned approximately 0.45% of Children’s Place as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mithaq Capital SPC purchased a new position in Children’s Place during the fourth quarter worth about $7,999,000. Partnership Wealth Management LLC boosted its position in shares of Children’s Place by 80.3% during the 1st quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company’s stock worth $1,496,000 after purchasing an additional 57,740 shares during the period. Shellback Capital LP purchased a new position in shares of Children’s Place during the second quarter worth $423,000. Canada Pension Plan Investment Board boosted its holdings in Children’s Place by 462.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company’s stock valued at $398,000 after acquiring an additional 40,200 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Children’s Place by 144.7% during the second quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock worth $334,000 after purchasing an additional 24,282 shares during the period.

Analysts Set New Price Targets

Several brokerages have weighed in on PLCE. StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. UBS Group raised their price objective on shares of Children’s Place from $12.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Children’s Place Stock Down 5.3 %

PLCE stock opened at $14.24 on Friday. The business has a 50 day moving average price of $9.26 and a 200 day moving average price of $9.46. The stock has a market cap of $180.96 million, a price-to-earnings ratio of -1.09 and a beta of 2.22. The Children’s Place, Inc. has a fifty-two week low of $4.77 and a fifty-two week high of $38.03.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.10) by $1.40. The firm had revenue of $319.66 million during the quarter. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%.

About Children’s Place

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.