The Cato Co. (NYSE:CATO) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of The Cato Co. (NYSE:CATO) by 20.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 154,029 shares of the specialty retailer’s stock after buying an additional 26,283 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Cato were worth $769,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of Cato during the second quarter worth $36,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Cato during the first quarter worth $67,000. Assenagon Asset Management S.A. acquired a new stake in shares of Cato during the second quarter worth $88,000. AQR Capital Management LLC acquired a new stake in shares of Cato during the second quarter worth $102,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cato during the second quarter worth $144,000. Institutional investors and hedge funds own 61.10% of the company’s stock.

Cato Trading Down 6.5 %

Shares of CATO opened at $3.19 on Friday. The firm has a market capitalization of $65.62 million, a P/E ratio of -2.31 and a beta of 1.08. The stock’s fifty day simple moving average is $5.43 and its 200 day simple moving average is $5.31. The Cato Co. has a twelve month low of $3.02 and a twelve month high of $7.80.

Analyst Ratings Changes

Separately, StockNews.com cut Cato from a “buy” rating to a “hold” rating in a report on Friday, August 23rd.

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.