578,632 Shares in The Cato Co. (NYSE:CATO) Purchased by Peapod Lane Capital LLC

Peapod Lane Capital LLC purchased a new stake in shares of The Cato Co. (NYSE:CATO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 578,632 shares of the specialty retailer’s stock, valued at approximately $2,257,000. Cato makes up 2.2% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 15th largest position. Peapod Lane Capital LLC owned approximately 2.82% of Cato at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. GSA Capital Partners LLP raised its holdings in shares of 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 acquiring an additional 83,624 shares in the last quarter. RBF Capital LLC increased its holdings in shares of Cato by 54.4% in the 3rd quarter. RBF Capital LLC now owns 204,297 shares of the specialty retailer’s stock worth $1,019,000 after purchasing an additional 71,988 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Cato by 20.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,029 shares of the specialty retailer’s stock worth $769,000 after buying an additional 26,283 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cato by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 85,621 shares of the specialty retailer’s stock valued at $427,000 after purchasing an additional 24,522 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Cato during the 2nd quarter valued at $102,000. Hedge funds and other institutional investors own 61.10% of the company’s stock.

Cato Price Performance

NYSE:CATO opened at $3.54 on Thursday. The stock has a 50-day simple moving average of $3.63 and a two-hundred day simple moving average of $4.56. The Cato Co. has a 52-week low of $3.02 and a 52-week high of $7.05.

Cato (NYSE:CATO) last posted its earnings results on Thursday, November 21st. The specialty retailer reported ($0.79) earnings per share for the quarter. Cato had a negative net margin of 4.11% and a negative return on equity of 14.41%.

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.