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

Corsair Capital Management L.P. bought a new position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 22,000 shares of the company’s stock, valued at approximately $341,000.

Other large investors also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Children’s Place in the 2nd quarter valued at approximately $464,000. Quest Partners LLC increased its stake in shares of Children’s Place by 4,217.6% during the 3rd quarter. Quest Partners LLC now owns 52,675 shares of the company’s stock worth $815,000 after purchasing an additional 51,455 shares during the last quarter. Shellback Capital LP bought a new stake in shares of Children’s Place in the 2nd quarter valued at about $423,000. Canada Pension Plan Investment Board lifted its stake in Children’s Place by 462.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company’s stock valued at $398,000 after purchasing an additional 40,200 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Children’s Place by 144.7% in the second quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock valued at $334,000 after buying an additional 24,282 shares during the last quarter.

Analysts Set New Price Targets

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

Children’s Place Price Performance

Shares of Children’s Place stock opened at $15.44 on Wednesday. The Children’s Place, Inc. has a 52-week low of $4.77 and a 52-week high of $38.03. The firm has a 50-day moving average of $14.25 and a 200-day moving average of $10.59.

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

About Children’s Place

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.