Partnership Wealth Management LLC Sells 1,375 Shares of The Children’s Place, Inc. (NASDAQ:PLCE)

Partnership Wealth Management LLC decreased its holdings in shares of The Children’s Place, Inc. (NASDAQ:PLCE) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,725 shares of the company’s stock after selling 1,375 shares during the quarter. Partnership Wealth Management LLC’s holdings in Children’s Place were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mithaq Capital SPC acquired a new stake in shares of Children’s Place during the 4th quarter worth about $7,999,000. Susquehanna Fundamental Investments LLC bought a new position in Children’s Place in the 2nd quarter valued at about $464,000. Shellback Capital LP acquired a new stake in Children’s Place during the second quarter worth approximately $423,000. Canada Pension Plan Investment Board boosted its holdings in shares of Children’s Place by 462.1% during the second quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company’s stock worth $398,000 after acquiring an additional 40,200 shares during the period. Finally, Squarepoint Ops LLC grew 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 purchasing an additional 24,282 shares during the last quarter.

Children’s Place Price Performance

Children’s Place stock opened at $13.09 on Wednesday. The firm has a market cap of $166.50 million, a PE ratio of -1.00 and a beta of 2.23. The stock’s fifty day moving average price is $9.74 and its two-hundred day moving average price is $9.45. The Children’s Place, Inc. has a one year low of $4.77 and a one year high of $38.03.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($1.10) by $1.40. The business had revenue of $319.66 million during 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

Several research firms recently issued reports on PLCE. StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. UBS Group boosted their target price on shares of Children’s Place from $12.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.

Children’s Place Company 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.