Children’s Place Sees Unusually High Options Volume (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 3,934 call options on the company. This represents an increase of approximately 75% compared to the typical volume of 2,251 call options.

Hedge Funds Weigh In On Children’s Place

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quinn Opportunity Partners LLC raised its stake in Children’s Place by 76.8% during the fourth quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company’s stock valued at $6,674,000 after purchasing an additional 277,185 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Children’s Place during the fourth quarter valued at $1,887,000. Rockefeller Capital Management L.P. purchased a new stake in Children’s Place during the third quarter valued at $2,772,000. Alpine Global Management LLC purchased a new stake in Children’s Place during the fourth quarter valued at $1,789,000. Finally, Quarry LP purchased a new stake in Children’s Place during the fourth quarter valued at $1,562,000.

Children’s Place Stock Performance

Shares of NASDAQ:PLCE opened at $8.25 on Friday. The firm has a fifty day moving average price of $9.26 and a 200 day moving average price of $11.48. Children’s Place has a fifty-two week low of $4.77 and a fifty-two week high of $19.74. The firm has a market cap of $105.48 million, a price-to-earnings ratio of -0.58 and a beta of 2.47.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped 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.