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

Jane Street Group LLC lessened its stake in The Cato Co. (NYSE:CATO) by 78.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,701 shares of the specialty retailer’s stock after selling 89,949 shares during the period. Jane Street Group LLC’s holdings in Cato were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Point72 DIFC Ltd acquired a new position in shares of Cato during the second quarter worth about $36,000. AQR Capital Management LLC purchased a new stake in Cato in the 2nd quarter valued at approximately $102,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cato during the 2nd quarter worth approximately $144,000. Verum Partners LLC raised its stake in shares of 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 buying an additional 5,335 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of Cato by 37.0% in the 2nd quarter. Squarepoint Ops LLC now owns 37,624 shares of the specialty retailer’s stock valued at $208,000 after buying an additional 10,152 shares during the period. Institutional investors and hedge funds own 61.10% of the company’s stock.

Cato Stock Down 2.8 %

NYSE:CATO opened at $3.45 on Wednesday. The firm’s fifty day simple moving average is $4.22 and its 200-day simple moving average is $4.82. The stock has a market cap of $70.86 million, a PE ratio of -2.50 and a beta of 0.86. The Cato Co. has a fifty-two week low of $3.02 and a fifty-two week high of $7.37.

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.