The Cato Co. (NYSE:CATO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in shares of The Cato Co. (NYSE:CATO) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,615 shares of the specialty retailer’s stock after selling 7,926 shares during the period. Geode Capital Management LLC owned 0.81% of Cato worth $832,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of Cato by 130.9% during the 3rd quarter. Barclays PLC now owns 5,155 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 2,922 shares during the last quarter. RBF Capital LLC boosted its holdings in shares of Cato by 54.4% during the 3rd quarter. RBF Capital LLC now owns 204,297 shares of the specialty retailer’s stock worth $1,019,000 after purchasing an additional 71,988 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Cato by 20.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,029 shares of the specialty retailer’s stock worth $769,000 after purchasing an additional 26,283 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Cato by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 215,620 shares of the specialty retailer’s stock valued at $1,076,000 after acquiring an additional 4,489 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Cato by 5.3% in the third quarter. Empowered Funds LLC now owns 45,004 shares of the specialty retailer’s stock valued at $225,000 after acquiring an additional 2,278 shares during the last quarter. 61.10% of the stock is currently owned by institutional investors and hedge funds.

Cato Stock Performance

CATO opened at $3.46 on Friday. 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 PE ratio of -2.51 and a beta of 0.86. The business’s 50 day moving average price is $4.33 and its 200 day moving average price is $4.87.

About Cato

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.