Verition Fund Management LLC Purchases 11,982 Shares of The Children’s Place, Inc. (NASDAQ:PLCE)

Posted by on Mar 5th, 2023

Verition Fund Management LLC raised its position in The Children’s Place, Inc. (NASDAQ:PLCE – Get Rating) by 113.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 22,525 shares of the company’s stock after acquiring an additional 11,982 shares during the period. Verition Fund Management LLC owned about 0.17% of Children’s Place worth $696,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd lifted its stake in Children’s Place by 39.1% in the 3rd quarter. WINTON GROUP Ltd now owns 15,778 shares of the company’s stock valued at $487,000 after acquiring an additional 4,433 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Children’s Place in the 3rd quarter valued at approximately $659,000. UBS Group AG lifted its stake in Children’s Place by 23.4% in the 3rd quarter. UBS Group AG now owns 16,220 shares of the company’s stock valued at $501,000 after acquiring an additional 3,073 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Children’s Place by 499.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 72,248 shares of the company’s stock worth $2,232,000 after purchasing an additional 60,189 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Children’s Place by 21.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 2,621 shares of the company’s stock worth $81,000 after purchasing an additional 459 shares in the last quarter. Institutional investors own 98.73% of the company’s stock.

Children’s Place Stock Up 1.2 %

PLCE stock opened at $43.85 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.17 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $536.29 million, a PE ratio of 6.89 and a beta of 2.00. The Children’s Place, Inc. has a 1-year low of $29.20 and a 1-year high of $61.54. The business’s 50 day simple moving average is $41.22 and its 200 day simple moving average is $39.34.

Analyst Ratings Changes

PLCE has been the topic of a number of analyst reports. Telsey Advisory Group cut Children’s Place from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $50.00 to $46.00 in a research note on Tuesday, February 7th. UBS Group dropped their price objective on Children’s Place from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. Finally, Monness Crespi & Hardt dropped their price objective on Children’s Place to $50.00 in a research note on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Children’s Place has an average rating of “Hold” and an average price target of $48.80.

About Children’s Place

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The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It 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. The firm operates through the following segments: Children’s Place U.S.

Further Reading

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Institutional Ownership by Quarter for Children's Place (NASDAQ:PLCE)

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