Barclays PLC grew its stake in The Cato Co. (NYSE:CATO – Free Report) by 130.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,155 shares of the specialty retailer’s stock after buying an additional 2,922 shares during the period. Barclays PLC’s holdings in Cato were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in CATO. Renaissance Technologies LLC increased its stake in shares of Cato by 1.4% in the second quarter. Renaissance Technologies LLC now owns 580,202 shares of the specialty retailer’s stock valued at $3,214,000 after buying an additional 8,000 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Cato in the second quarter valued at about $36,000. Cubist Systematic Strategies LLC acquired a new stake in Cato during the second quarter worth approximately $296,000. Squarepoint Ops LLC grew its stake in Cato by 37.0% during the second quarter. Squarepoint Ops LLC now owns 37,624 shares of the specialty retailer’s stock worth $208,000 after purchasing an additional 10,152 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cato during the second quarter worth approximately $144,000. Institutional investors and hedge funds own 61.10% of the company’s stock.
Cato Price Performance
NYSE CATO opened at $3.46 on Friday. The business has a 50 day simple moving average of $4.33 and a 200 day simple moving average of $4.87. The Cato Co. has a one year low of $3.02 and a one year high of $7.37. The stock has a market capitalization of $71.06 million, a P/E ratio of -2.51 and a beta of 0.86.
Cato Company Profile
The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.
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