SG Americas Securities LLC Acquires New Holdings in The Children’s Place, Inc. (NASDAQ:PLCE)

SG Americas Securities LLC acquired a new stake in shares of The Children’s Place, Inc. (NASDAQ:PLCE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,886 shares of the company’s stock, valued at approximately $137,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Children’s Place by 0.5% during the first quarter. BlackRock Inc. now owns 2,127,269 shares of the company’s stock valued at $104,875,000 after acquiring an additional 9,551 shares in the last quarter. Vanguard Group Inc. raised its position in Children’s Place by 1.3% during the first quarter. Vanguard Group Inc. now owns 1,337,072 shares of the company’s stock valued at $65,918,000 after acquiring an additional 17,346 shares in the last quarter. Neuberger Berman Group LLC raised its position in Children’s Place by 4.7% during the third quarter. Neuberger Berman Group LLC now owns 636,800 shares of the company’s stock valued at $19,689,000 after acquiring an additional 28,620 shares in the last quarter. State Street Corp raised its position in Children’s Place by 0.7% during the first quarter. State Street Corp now owns 607,669 shares of the company’s stock valued at $24,459,000 after acquiring an additional 4,470 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Children’s Place by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 565,673 shares of the company’s stock valued at $22,767,000 after acquiring an additional 76,723 shares in the last quarter.

Insider Transactions at Children’s Place

In related news, major shareholder Mithaq Capital Spc acquired 1,566,475 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $15.80 per share, for a total transaction of $24,750,305.00. Following the completion of the purchase, the insider now owns 4,663,743 shares in the company, valued at approximately $73,687,139.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.80% of the stock is currently owned by corporate insiders.

Children’s Place Trading Down 1.4 %

Shares of Children’s Place stock opened at $7.11 on Wednesday. The company’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $20.56. The company has a market cap of $88.73 million, a price-to-earnings ratio of -1.15 and a beta of 1.98. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 0.42. The Children’s Place, Inc. has a 1 year low of $6.98 and a 1 year high of $38.03.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLCE. Monness Crespi & Hardt downgraded Children’s Place from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. B. Riley downgraded Children’s Place from a “neutral” rating to a “sell” rating and lowered their price target for the company from $19.00 to $4.00 in a report on Tuesday, February 13th. Telsey Advisory Group lowered their price target on Children’s Place from $24.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, February 12th. Finally, StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th.

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.