Traders Purchase Large Volume of Children’s Place Call Options (NASDAQ:PLCE)

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

Children’s Place Stock Performance

Shares of PLCE stock traded up $0.01 during trading hours on Thursday, reaching $8.12. The company had a trading volume of 41,763 shares, compared to its average volume of 1,125,214. Children’s Place has a 12-month low of $4.77 and a 12-month high of $19.74. The company has a market capitalization of $103.75 million, a price-to-earnings ratio of -0.57 and a beta of 2.47. The stock has a fifty day moving average of $9.31 and a 200-day moving average of $11.50.

Analyst Ratings Changes

Separately, UBS Group reduced their price objective on Children’s Place from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th.

Institutional Trading of Children’s Place

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Children’s Place during the third quarter worth about $33,000. FNY Investment Advisers LLC purchased a new position in Children’s Place during the fourth quarter worth about $31,000. State of Wyoming purchased a new position in shares of Children’s Place during the fourth quarter worth $37,000. Tower Research Capital LLC TRC purchased a new position in Children’s Place during the 4th quarter valued at about $44,000. Finally, Covestor Ltd lifted its position in shares of Children’s Place by 156.3% during the fourth quarter. Covestor Ltd now owns 4,408 shares of the company’s stock worth $46,000 after purchasing an additional 2,688 shares in the last quarter.

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.