Newbridge Financial Services Group Inc. Buys New Position in The Cato Co. (NYSE:CATO)

Newbridge Financial Services Group Inc. bought a new stake in The Cato Co. (NYSE:CATO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,720 shares of the specialty retailer’s stock, valued at approximately $26,000.

A number of other large investors have also recently made changes to their positions in the company. Marquette Asset Management LLC boosted its position in shares of Cato by 9.2% in the 4th quarter. Marquette Asset Management LLC now owns 83,795 shares of the specialty retailer’s stock valued at $327,000 after purchasing an additional 7,053 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Cato by 40.1% in the 3rd 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 period. Barclays PLC boosted its position in shares of Cato by 130.9% in the 3rd quarter. Barclays PLC now owns 5,155 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 2,922 shares during the period. RBF Capital LLC boosted its position 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 valued at $1,019,000 after purchasing an additional 71,988 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of 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 valued at $769,000 after purchasing an additional 26,283 shares during the period. 61.10% of the stock is owned by institutional investors and hedge funds.

Cato Trading Up 8.3 %

Cato stock opened at $3.65 on Wednesday. The Cato Co. has a twelve month low of $3.02 and a twelve month high of $7.05. The stock has a 50 day moving average of $3.62 and a two-hundred day moving average of $4.57. The stock has a market capitalization of $74.97 million, a price-to-earnings ratio of -2.64 and a beta of 0.84.

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

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.