Peapod Lane Capital LLC purchased a new position in shares of The Cato Co. (NYSE:CATO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 578,632 shares of the specialty retailer's stock, valued at approximately $2,257,000. Cato accounts for 2.2% of Peapod Lane Capital LLC's holdings, making the stock its 15th largest position. Peapod Lane Capital LLC owned about 2.82% of Cato as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in 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 period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Cato during the fourth quarter worth approximately $26,000. AQR Capital Management LLC acquired a new stake in Cato in the second quarter valued at approximately $102,000. Verum Partners LLC grew its holdings in Cato by 19.6% during the 3rd quarter. Verum Partners LLC now owns 32,508 shares of the specialty retailer's stock worth $162,000 after acquiring an additional 5,335 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Cato by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 45,004 shares of the specialty retailer's stock valued at $225,000 after purchasing an additional 2,278 shares in the last quarter. Hedge funds and other institutional investors own 61.10% of the company's stock.
Cato Trading Down 2.3 %
Shares of CATO stock traded down $0.08 on Monday, reaching $3.44. 25,508 shares of the stock were exchanged, compared to its average volume of 40,917. The company has a market capitalization of $70.66 million, a price-to-earnings ratio of -2.49 and a beta of 0.84. The business's 50 day moving average price is $3.63 and its 200 day moving average price is $4.53. The Cato Co. has a twelve month low of $3.02 and a twelve month high of $7.05.
Cato (NYSE:CATO - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The specialty retailer reported ($0.79) EPS for the quarter. Cato had a negative net margin of 4.11% and a negative return on equity of 14.41%.
Cato Profile
(
Free Report)
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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