Citadel Advisors LLC trimmed its position in Cato Corp (NYSE:CATO) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,782 shares of the specialty retailer’s stock after selling 94,167 shares during the period. Citadel Advisors LLC’s holdings in Cato were worth $5,489,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CATO. Assenagon Asset Management S.A. acquired a new stake in shares of Cato in the 4th quarter valued at approximately $2,169,000. State Street Corp raised its holdings in Cato by 11.3% during the 2nd quarter. State Street Corp now owns 880,952 shares of the specialty retailer’s stock worth $15,494,000 after buying an additional 89,475 shares during the period. Bank of New York Mellon Corp raised its holdings in Cato by 14.7% during the 4th quarter. Bank of New York Mellon Corp now owns 619,227 shares of the specialty retailer’s stock worth $9,858,000 after buying an additional 79,259 shares during the period. Cetera Advisors LLC acquired a new stake in Cato during the 4th quarter worth approximately $787,000. Finally, BlackRock Inc. raised its holdings in Cato by 1.4% during the 4th quarter. BlackRock Inc. now owns 3,161,301 shares of the specialty retailer’s stock worth $50,328,000 after buying an additional 42,599 shares during the period. Institutional investors and hedge funds own 85.26% of the company’s stock.
Shares of Cato Corp (CATO) opened at $10.96 on Thursday. The company has a market cap of $253.71, a P/E ratio of 24.22 and a beta of 0.95. Cato Corp has a fifty-two week low of $10.76 and a fifty-two week high of $26.79.
Several analysts have commented on CATO shares. BidaskClub upgraded shares of Cato from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. TheStreet upgraded shares of Cato from a “d+” rating to a “c-” rating in a report on Wednesday, December 6th.
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The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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