Two Sigma Investments LP Trims Stock Position in The Cato Co. (NYSE:CATO)

Two Sigma Investments LP cut its stake in shares of The Cato Co. (NYSE:CATO) by 17.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,047 shares of the specialty retailer’s stock after selling 20,739 shares during the period. Two Sigma Investments LP owned approximately 0.49% of Cato worth $394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Cato during the 4th quarter worth approximately $26,000. Peapod Lane Capital LLC purchased a new position in shares of Cato during the 4th quarter worth approximately $2,257,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Cato during the 4th quarter worth approximately $570,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Cato by 8.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 294,905 shares of the specialty retailer’s stock worth $1,150,000 after buying an additional 22,333 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Cato by 110.1% during the 4th quarter. Barclays PLC now owns 10,832 shares of the specialty retailer’s stock worth $42,000 after buying an additional 5,677 shares in the last quarter. 61.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised Cato from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th.

Cato Trading Up 19.7%

Shares of CATO stock opened at $3.10 on Wednesday. The company has a market cap of $62.24 million, a price-to-earnings ratio of -2.25 and a beta of 0.77. The stock has a 50 day simple moving average of $2.56 and a 200-day simple moving average of $3.12. The Cato Co. has a 12-month low of $2.19 and a 12-month high of $6.70.

Cato (NYSE:CATO) last released its quarterly earnings results on Thursday, May 22nd. The specialty retailer reported $0.17 earnings per share for the quarter. The business had revenue of $170.24 million for the quarter. Cato had a negative return on equity of 14.41% and a negative net margin of 4.11%.

Cato 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.