Quinn Opportunity Partners LLC Increases Position in The Children’s Place, Inc. (NASDAQ:PLCE)

Quinn Opportunity Partners LLC increased its holdings in The Children’s Place, Inc. (NASDAQ:PLCE) by 76.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 638,018 shares of the company’s stock after buying an additional 277,185 shares during the period. Quinn Opportunity Partners LLC’s holdings in Children’s Place were worth $6,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in Children’s Place in the fourth quarter worth $31,000. Covestor Ltd raised 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 purchasing an additional 2,688 shares during the period. ARS Investment Partners LLC purchased a new position in shares of Children’s Place in the 4th quarter worth about $105,000. Verition Fund Management LLC bought a new position in Children’s Place during the third quarter valued at about $323,000. Finally, Geode Capital Management LLC increased its holdings in 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 buying an additional 5,989 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their target price on shares of Children’s Place from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th.

Children’s Place Price Performance

Shares of NASDAQ PLCE opened at $7.08 on Friday. The stock has a market capitalization of $90.52 million, a PE ratio of -0.50 and a beta of 2.03. The Children’s Place, Inc. has a one year low of $4.77 and a one year high of $19.74. The business’s fifty day moving average price is $8.49 and its 200-day moving average price is $11.14.

Children’s Place Company 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.