15,878 Shares in The Cato Co. (NYSE:CATO) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of The Cato Co. (NYSE:CATO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,878 shares of the specialty retailer’s stock, valued at approximately $88,000. Assenagon Asset Management S.A. owned about 0.08% of Cato as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in Cato by 8.1% during the first quarter. Empowered Funds LLC now owns 39,666 shares of the specialty retailer’s stock valued at $229,000 after acquiring an additional 2,975 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Cato by 64.6% during the 1st quarter. BNP Paribas Financial Markets now owns 7,995 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 3,139 shares in the last quarter. Trexquant Investment LP increased its holdings in Cato by 11.5% in the fourth quarter. Trexquant Investment LP now owns 62,732 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 6,453 shares in the last quarter. Vanguard Group Inc. lifted its stake in Cato by 0.8% in the first quarter. Vanguard Group Inc. now owns 931,094 shares of the specialty retailer’s stock valued at $5,372,000 after buying an additional 7,072 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Cato during the 1st quarter worth approximately $67,000. 61.10% of the stock is owned by institutional investors and hedge funds.

Cato Price Performance

Shares of CATO opened at $4.90 on Monday. The stock has a 50-day moving average of $5.23 and a 200-day moving average of $5.57. The Cato Co. has a one year low of $4.56 and a one year high of $8.58. The company has a market cap of $100.72 million, a PE ratio of -5.83 and a beta of 1.09.

Cato (NYSE:CATO) last announced its quarterly earnings data on Thursday, May 23rd. The specialty retailer reported $0.54 EPS for the quarter. Cato had a negative return on equity of 8.36% and a negative net margin of 2.51%. The firm had revenue of $177.10 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Cato from a “buy” rating to a “hold” rating in a research note on Friday.

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.