Corsair Capital Management L.P. Invests $341,000 in The Children’s Place, Inc. (NASDAQ:PLCE)

Corsair Capital Management L.P. acquired a new stake in The Children’s Place, Inc. (NASDAQ:PLCE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,000 shares of the company’s stock, valued at approximately $341,000. Corsair Capital Management L.P. owned about 0.17% of Children’s Place as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Covestor Ltd bought a new position in Children’s Place in the 3rd quarter worth approximately $27,000. Quantbot Technologies LP bought a new position in Children’s Place in the third quarter valued at about $33,000. Dark Forest Capital Management LP increased its position in Children’s Place by 67.7% in the second quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after purchasing an additional 7,272 shares during the period. Point72 DIFC Ltd raised its holdings in Children’s Place by 42.3% during the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock worth $175,000 after purchasing an additional 6,383 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in Children’s Place by 105.5% during the 2nd quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock valued at $220,000 after purchasing an additional 13,878 shares during the period.

Children’s Place Trading Down 3.7 %

PLCE opened at $15.44 on Wednesday. The firm’s fifty day moving average is $14.25 and its two-hundred day moving average is $10.59. The Children’s Place, Inc. has a twelve month low of $4.77 and a twelve month high of $38.03.

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

Analyst Ratings Changes

PLCE has been the topic of several analyst reports. StockNews.com lowered shares of Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. UBS Group cut their price target on Children’s Place from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Children’s Place Profile

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.