Shay Capital LLC Makes New Investment in The Children’s Place, Inc. (NASDAQ:PLCE)

Shay Capital LLC bought a new position in The Children’s Place, Inc. (NASDAQ:PLCE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,262 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of Children’s Place during the 4th quarter worth approximately $44,000. Covestor Ltd lifted its position 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 buying an additional 2,688 shares during the period. ARS Investment Partners LLC bought a new position in shares of Children’s Place during the 4th quarter worth approximately $105,000. Man Group plc bought a new position in shares of Children’s Place during the 4th quarter worth approximately $111,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Children’s Place during the 4th quarter worth approximately $112,000.

Analyst Upgrades and Downgrades

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

Children’s Place Stock Down 2.2%

PLCE stock opened at $6.15 on Friday. The company has a market cap of $78.63 million, a P/E ratio of -0.43 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 business has a fifty day moving average of $6.78 and a 200-day moving average of $9.79.

Children’s Place (NASDAQ:PLCE) last released its earnings results on Friday, April 11th. The company reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.95). The firm had revenue of $380.91 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned ($7.38) EPS.

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.