Prescott Group Capital Management L.L.C. Acquires New Shares in The Cato Co. (NYSE:CATO)

Prescott Group Capital Management L.L.C. acquired a new stake in shares of The Cato Co. (NYSE:CATO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 146,040 shares of the specialty retailer's stock, valued at approximately $570,000. Prescott Group Capital Management L.L.C. owned approximately 0.71% of Cato as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC raised 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 last quarter. Newbridge Financial Services Group Inc. bought a new stake in Cato during the fourth quarter worth $26,000. Empowered Funds LLC raised its stake in shares of Cato by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 45,004 shares of the specialty retailer's stock worth $225,000 after purchasing an additional 2,278 shares during the period. Marquette Asset Management LLC raised its position in Cato by 9.2% in the fourth quarter. Marquette Asset Management LLC now owns 83,795 shares of the specialty retailer's stock worth $327,000 after acquiring an additional 7,053 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Cato by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 85,621 shares of the specialty retailer's stock worth $427,000 after purchasing an additional 24,522 shares during the last quarter. 61.10% of the stock is currently owned by institutional investors.

Cato Trading Down 0.4 %

Shares of NYSE:CATO traded down $0.01 during mid-day trading on Monday, reaching $2.73. The company had a trading volume of 18,078 shares, compared to its average volume of 125,063. The company's 50-day moving average price is $3.46 and its 200-day moving average price is $4.35. The Cato Co. has a one year low of $2.71 and a one year high of $6.70. The firm has a market cap of $56.07 million, a price-to-earnings ratio of -1.98 and a beta of 0.91.

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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.