Could Cato Corporation (NYSE:CATO) See a Reversal After Less Sellers Came In?

September 17, 2017 - By test

 Could Cato Corporation (NYSE:CATO) See a Reversal After Less Sellers Came In?

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.35, from 1.46 in 2016Q3. It dropped, as 15 investors sold Cato Corp shares while 47 reduced holdings. 26 funds opened positions while 43 raised stakes. 20.03 million shares or 2.38% less from 20.52 million shares in 2016Q3 were reported.
Sei reported 8 shares. Ls Investment holds 0% or 961 shares. Lawson Kroeker Management Ne stated it has 133,103 shares or 1.38% of all its holdings. Texas Permanent School Fund has 18,302 shares. Prelude Cap Mngmt Llc invested 0% of its portfolio in Cato Corp (NYSE:CATO). Carroll Fincl Associate has invested 0% of its portfolio in Cato Corp (NYSE:CATO). Ahl Prtn Ltd Liability Partnership holds 6,740 shares or 0.01% of its portfolio. Aperio Gru Ltd Llc owns 6,698 shares. Wellington Mgmt Grp Llp has 0.01% invested in Cato Corp (NYSE:CATO) for 1.88M shares. 44 are held by Toronto Dominion Fincl Bank. Federated Incorporated Pa holds 52 shares. Us Retail Bank De accumulated 14,639 shares or 0% of the stock. Thrivent For Lutherans holds 0% or 13,690 shares. New York-based Tower Ltd Liability Corporation (Trc) has invested 0% in Cato Corp (NYSE:CATO). Secor Cap Advisors Ltd Partnership stated it has 0.16% of its portfolio in Cato Corp (NYSE:CATO).

Since March 17, 2017, it had 1 insider purchase, and 0 insider sales for $16,760 activity. WEISIGER – JR EDWARD I had bought 3,100 shares worth $67,503. 1,000 shares were bought by PATRICK BAILEY W, worth $16,760.

The stock of Cato Corporation (NYSE:CATO) registered a decrease of 9.21% in short interest. CATO’s total short interest was 2.22M shares in September as published by FINRA. Its down 9.21% from 2.45M shares, reported previously. With 494,500 shares average volume, it will take short sellers 5 days to cover their CATO’s short positions. The short interest to Cato Corporation’s float is 9.47%.

The stock increased 0.97% or $0.13 on September 15, reaching $13.58. About 532,805 shares traded or 43.74% up from the average. Cato Corp (NYSE:CATO) has declined 41.89% since September 17, 2016 and is downtrending. It has underperformed by 58.59% the S&P500.

The Cato Corporation is a fashion specialty retailer. The company has market cap of $345.46 million. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. It has a 20.91 P/E ratio. The Firm has two divisions: the operation of a fashion specialty stores segment and a credit card segment (Credit Segment).

More important recent Cato Corp (NYSE:CATO) news were published by: Charlotteobserver.com which released: “‘All white men’: Charlotte women’s retailer criticized over board makeup” on May 18, 2017, also Nasdaq.com published article titled: “Cato Corporation (CATO) Ex-Dividend Date Scheduled for September 08, 2017”, Seekingalpha.com published: “Cato: Covering The Short, And Hoping For Another Shot” on August 28, 2017. More interesting news about Cato Corp (NYSE:CATO) was released by: Streetinsider.com and their article: “Cato Corp. (CATO) August Same-Store Sales Decline 10%” with publication date: August 31, 2017.

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