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Point72 Asset Management increased stake in The Children's Place, Inc.

Published 10/02/2020, 06:14 PM
Updated 10/02/2020, 06:30 PM
© Reuters.  Point72 Asset Management increased stake in The Children's Place, Inc.

On the 9th of September, Point72 Asset Management added 709 thousand The Children's Place, Inc. (NASDAQ:PLCE) shares for $16 million at an average price of $22.97 per share. Shares of The Children's Place, Inc. are up 31.08% since the transaction.

Point72 Asset Management's holding in The Children's Place, Inc. increased to about 755 thousand shares with the purchase.

Point72 Asset Management first bought The Children's Place, Inc. stock in the first quarter of 2019. Point72 Asset Management also owns Autozone Inc (AZO), American Eagle Outfitters Inc (NYSE:AEO), Ross Stores Inc (NASDAQ:ROST) and L Brands Inc (NYSE:LB). The Children's Place, Inc. is its number eight position by number of shares and market value among retail - specialty stocks.

Other investors who also added to their The Children's Place, Inc. shares include Millennium Management and Squarepoint Ops. Contrary to Point72 Asset Management, California State Teachers Retirement System, Royce & Associates, and Victory Capital Management reduced PLCE shares, while Rothschild Asset Management, Westwood Holdings Group, and Gotham Asset Management sold all their PLCE shares.

Point72 Asset Management has also recently added to their share in American Eagle Outfitters Inc. The total value of the shares bought is estimated at around $93 million.

Point72 Asset Management also established new holdings in ANGI Homeservices Inc. (NASDAQ:ANGI), Dave & Busters Entertainment Inc (PLAY) and Fulcrum Therapeutics, Inc. (NASDAQ:FULC). Point72 Asset Management also increased their share in MacroGenics, Inc. (NASDAQ:MGNX), Otonomy, Inc. (NASDAQ:OTIC), Bicycle Therapeutics plc (NASDAQ:BCYC) and Revolve Group , Inc. (NYSE:RVLV). The total value of the shares bought is estimated at around $224 million.

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