Immersion Corp Buys Shares of 473,953 The Children’s Place, Inc. $PLCE

Immersion Corp bought a new stake in The Children’s Place, Inc. (NASDAQ:PLCE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 473,953 shares of the company’s stock, valued at approximately $1,886,000. Children’s Place accounts for about 1.3% of Immersion Corp’s holdings, making the stock its 8th biggest holding. Immersion Corp owned about 2.14% of Children’s Place at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP increased its holdings in Children’s Place by 2,181.2% in the 4th quarter. Marshall Wace LLP now owns 297,921 shares of the company’s stock valued at $1,186,000 after buying an additional 284,861 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Children’s Place during the 3rd quarter valued at approximately $37,000. Barclays PLC grew its holdings in shares of Children’s Place by 1,687.2% during the 4th quarter. Barclays PLC now owns 7,846 shares of the company’s stock valued at $31,000 after purchasing an additional 7,407 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Children’s Place during the 4th quarter valued at approximately $81,000. Finally, Quantbot Technologies LP bought a new stake in shares of Children’s Place during the 3rd quarter valued at approximately $168,000.

Children’s Place Trading Up 1.2%

Shares of Children’s Place stock opened at $3.48 on Thursday. The firm has a market capitalization of $77.40 million, a PE ratio of -0.72 and a beta of 1.90. The firm’s 50 day moving average is $3.46 and its 200 day moving average is $4.16. The Children’s Place, Inc. has a 1 year low of $2.76 and a 1 year high of $9.56.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Friday, June 12th. The company reported ($2.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.15) by $0.15. The company had revenue of $215.23 million for the quarter, compared to the consensus estimate of $198.32 million.

Analyst Ratings Changes

Separately, UBS Group lifted their price target on shares of Children’s Place from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Monday, June 1st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Children’s Place currently has a consensus rating of “Reduce” and an average target price of $4.00.

Children’s Place Company Profile

The Children’s Place, Inc (NASDAQ: PLCE) is a leading specialty retailer of children’s apparel, footwear and accessories, operating an omnichannel platform that serves families across North America. Headquartered in Secaucus, New Jersey, the company combines an extensive network of brick-and-mortar stores with a full-service e-commerce site to deliver a wide range of private-label products for newborns, toddlers and kids up to pre-teen. By focusing on value-priced, fashion-forward merchandise, The Children’s Place has built a recognizable brand in the youth apparel market.

The company’s product portfolio encompasses core categories such as tops, bottoms, sleepwear and outerwear, along with footwear and seasonal accessories.