Stock Traders Buy High Volume of Call Options on Children’s Place (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) was the recipient of some unusual options trading on Thursday. Traders purchased 3,934 call options on the company. This is an increase of approximately 75% compared to the typical daily volume of 2,251 call options.

Children’s Place Stock Up 6.7 %

Shares of Children’s Place stock opened at $8.80 on Friday. The firm has a market cap of $112.51 million, a PE ratio of -0.62 and a beta of 2.47. The business’s fifty day moving average is $9.23 and its two-hundred day moving average is $11.50. Children’s Place has a fifty-two week low of $4.77 and a fifty-two week high of $19.74.

Wall Street Analyst Weigh In

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

Institutional Trading of Children’s Place

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Alpine Global Management LLC acquired a new stake in shares of Children’s Place during the 4th quarter worth $1,789,000. PharVision Advisers LLC bought a new position in shares of Children’s Place during the fourth quarter worth about $241,000. Two Sigma Advisers LP bought a new position in shares of Children’s Place during the fourth quarter worth about $428,000. Two Sigma Investments LP bought a new position in shares of Children’s Place during the fourth quarter worth about $1,103,000. Finally, State of Wyoming bought a new position in Children’s Place in the fourth quarter worth about $37,000.

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.