Quinn Opportunity Partners LLC Buys 277,185 Shares of The Children’s Place, Inc. (NASDAQ:PLCE)

Quinn Opportunity Partners LLC boosted its position in The Children’s Place, Inc. (NASDAQ:PLCE) by 76.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,018 shares of the company’s stock after buying an additional 277,185 shares during the period. Quinn Opportunity Partners LLC owned approximately 4.99% of Children’s Place worth $6,674,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in Children’s Place in the fourth quarter valued at approximately $31,000. Covestor Ltd grew its position in Children’s Place by 156.3% in the 4th quarter. Covestor Ltd now owns 4,408 shares of the company’s stock valued at $46,000 after purchasing an additional 2,688 shares during the period. ARS Investment Partners LLC acquired a new stake in Children’s Place in the 4th quarter valued at $105,000. Verition Fund Management LLC bought a new stake in Children’s Place during the 3rd quarter valued at $323,000. Finally, Geode Capital Management LLC raised 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.

Children’s Place Trading Up 1.3 %

NASDAQ PLCE opened at $7.08 on Friday. The business has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $11.14. The Children’s Place, Inc. has a 12 month low of $4.77 and a 12 month high of $19.74. The firm has a market capitalization of $90.52 million, a P/E ratio of -0.50 and a beta of 2.03.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their target price on shares of 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.

About Children’s Place

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.