Barclays PLC Increases Holdings in The Cato Co. (NYSE:CATO)

Barclays PLC increased its stake in The Cato Co. (NYSE:CATO) by 130.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,155 shares of the specialty retailer’s stock after purchasing an additional 2,922 shares during the quarter. Barclays PLC’s holdings in Cato were worth $26,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. RBF Capital LLC boosted its stake in Cato by 54.4% during the third quarter. RBF Capital LLC now owns 204,297 shares of the specialty retailer’s stock valued at $1,019,000 after buying an additional 71,988 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Cato by 20.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,029 shares of the specialty retailer’s stock valued at $769,000 after buying an additional 26,283 shares during the period. Segall Bryant & Hamill LLC boosted its stake in Cato by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 215,620 shares of the specialty retailer’s stock valued at $1,076,000 after buying an additional 4,489 shares during the period. Empowered Funds LLC boosted its stake in Cato by 5.3% during the third quarter. Empowered Funds LLC now owns 45,004 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 2,278 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in Cato by 203.5% during the third quarter. GSA Capital Partners LLP now owns 124,718 shares of the specialty retailer’s stock valued at $622,000 after buying an additional 83,624 shares during the period. 61.10% of the stock is currently owned by hedge funds and other institutional investors.

Cato Stock Performance

NYSE:CATO opened at $3.46 on Friday. The firm has a market capitalization of $71.06 million, a price-to-earnings ratio of -2.51 and a beta of 0.86. The Cato Co. has a 52-week low of $3.02 and a 52-week high of $7.37. The stock has a fifty day moving average of $4.33 and a 200 day moving average of $4.87.

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.