The Cato Co. (NYSE:CATO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in shares of The Cato Co. (NYSE:CATO) by 78.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,701 shares of the specialty retailer’s stock after selling 89,949 shares during the period. Jane Street Group LLC owned 0.12% of Cato worth $123,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. RBF Capital LLC raised its position in Cato by 54.4% in the third quarter. RBF Capital LLC now owns 204,297 shares of the specialty retailer’s stock valued at $1,019,000 after purchasing an additional 71,988 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position 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 raised its holdings in Cato by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 215,620 shares of the specialty retailer’s stock valued at $1,076,000 after buying an additional 4,489 shares during the period. Empowered Funds LLC lifted its position 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 buying an additional 2,278 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Cato by 203.5% during the third quarter. GSA Capital Partners LLP now owns 124,718 shares of the specialty retailer’s stock worth $622,000 after buying an additional 83,624 shares during the period. 61.10% of the stock is owned by hedge funds and other institutional investors.

Cato Stock Down 2.8 %

Shares of NYSE CATO opened at $3.45 on Wednesday. The Cato Co. has a 52-week low of $3.02 and a 52-week high of $7.37. The business’s 50 day moving average is $4.22 and its two-hundred day moving average is $4.82. The firm has a market cap of $70.86 million, a price-to-earnings ratio of -2.50 and a beta of 0.86.

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.