Point72 Asia Singapore Pte. Ltd. Sells 13,432 Shares of The Cato Co. (NYSE:CATO)

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in The Cato Co. (NYSE:CATO) by 51.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,620 shares of the specialty retailer’s stock after selling 13,432 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Cato were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CATO. Point72 DIFC Ltd bought a new position in Cato in the 2nd quarter valued at about $36,000. Assenagon Asset Management S.A. purchased a new stake in shares of Cato in the second quarter worth approximately $88,000. AQR Capital Management LLC purchased a new stake in shares of Cato in the second quarter worth approximately $102,000. Verum Partners LLC lifted its holdings in shares of Cato by 19.6% in the third quarter. Verum Partners LLC now owns 32,508 shares of the specialty retailer’s stock valued at $162,000 after purchasing an additional 5,335 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Cato by 37.0% during the second 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 last quarter. 61.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cato Price Performance

CATO opened at $3.41 on Friday. The Cato Co. has a fifty-two week low of $3.02 and a fifty-two week high of $7.80. The company’s 50-day moving average is $5.22 and its 200 day moving average is $5.21. The firm has a market capitalization of $70.14 million, a P/E ratio of -2.47 and a beta of 0.91.

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.