Marquette Asset Management LLC Grows Stake in The Cato Co. (NYSE:CATO)

Marquette Asset Management LLC grew its holdings in shares of The Cato Co. (NYSE:CATO) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,795 shares of the specialty retailer’s stock after purchasing an additional 7,053 shares during the period. Marquette Asset Management LLC’s holdings in Cato were worth $327,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in Cato by 130.9% during the 3rd quarter. Barclays PLC now owns 5,155 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 2,922 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Cato during the second quarter worth $36,000. AQR Capital Management LLC purchased a new stake in shares of Cato during the second quarter valued at $102,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cato in the 2nd quarter valued at $144,000. Finally, Verum Partners LLC raised its stake in Cato by 19.6% in the 3rd quarter. Verum Partners LLC now owns 32,508 shares of the specialty retailer’s stock worth $162,000 after acquiring an additional 5,335 shares during the last quarter. Institutional investors and hedge funds own 61.10% of the company’s stock.

Cato Stock Performance

Shares of CATO opened at $3.45 on Wednesday. The stock has a 50-day moving average of $4.16 and a two-hundred day moving average of $4.80. The stock has a market cap of $70.86 million, a P/E ratio of -2.50 and a beta of 0.86. The Cato Co. has a one year low of $3.02 and a one year high of $7.37.

Cato 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.