Here is What Hedge Funds Think About Childrens Place Inc (PLCE)

Because Childrens Place Inc (NASDAQ:PLCE) has experienced bearish sentiment from the smart money, logic holds that there is a sect of hedgies who sold off their full holdings last quarter. Intriguingly, Anand Parekh’s Alyeska Investment Group said goodbye to the largest position of all the hedgies followed by Insider Monkey, totaling about $6.2 million in stock, and Paul Marshall and Ian Wace’s Marshall Wace LLP was right behind this move, as the fund dumped about $5.6 million worth of PLCE shares. These bearish behaviors are important to note, as aggregate hedge fund interest fell by 7 funds last quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Childrens Place Inc (NASDAQ:PLCE) but similarly valued. These stocks are G&K Services Inc (NASDAQ:GK), Columbia Pipeline Partners LP (NYSE:CPPL), Northwest Bancshares, Inc. (NASDAQ:NWBI), and FBL Financial Group (NYSE:FFG). All of these stocks’ market caps match PLCE’s market cap.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $71 million. That figure was $216 million in PLCE’s case. G&K Services Inc (NASDAQ:GK) is the most popular stock in this table. On the other hand FBL Financial Group (NYSE:FFG) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Childrens Place Inc (NASDAQ:PLCE) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.