Stone Ridge Asset Management LLC lifted its position in Cato Corp (NYSE:CATO) by 13.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,050 shares of the specialty retailer’s stock after acquiring an additional 4,368 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Cato were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisors Preferred LLC raised its position in Cato by 511.1% during the second quarter. Advisors Preferred LLC now owns 4,956 shares of the specialty retailer’s stock worth $122,000 after acquiring an additional 4,145 shares during the period. SG Americas Securities LLC acquired a new position in Cato during the second quarter worth $123,000. Point72 Hong Kong Ltd acquired a new position in Cato during the second quarter worth $131,000. Piedmont Investment Advisors LLC acquired a new position in Cato during the second quarter worth $132,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Cato during the second quarter worth $204,000. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Separately, ValuEngine upgraded shares of Cato from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st.

Shares of NYSE CATO opened at $17.12 on Monday. The stock has a market capitalization of $422.39 million, a PE ratio of 14.63 and a beta of 0.55. Cato Corp has a 52 week low of $10.76 and a 52 week high of $26.88.

Cato (NYSE:CATO) last issued its earnings results on Thursday, August 23rd. The specialty retailer reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The business had revenue of $208.92 million during the quarter. Cato had a net margin of 2.01% and a return on equity of 8.70%.

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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.

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Institutional Ownership by Quarter for Cato (NYSE:CATO)

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