The Cato (CATO) Reaches $11.17 After 5.00% Down Move; Beaconlight Capital Has Boosted Wells Fargo Co New (WFC) Holding By $2.16 Million

February 15, 2018 - By Marie Mckinney

The stock of The Cato Corporation (NYSE:CATO) is a huge mover today! The stock decreased 2.19% or $0.25 during the last trading session, reaching $11.17. About 79,787 shares traded. The Cato Corporation (NYSE:CATO) has declined 41.89% since February 15, 2017 and is downtrending. It has underperformed by 58.59% the S&P500.The move comes after 9 months negative chart setup for the $270.34M company. It was reported on Feb, 15 by Barchart.com. We have $10.61 PT which if reached, will make NYSE:CATO worth $13.52 million less.

Beaconlight Capital Llc increased Wells Fargo Co New (WFC) stake by 54.28% reported in 2017Q3 SEC filing. Beaconlight Capital Llc acquired 39,350 shares as Wells Fargo Co New (WFC)’s stock declined 8.66%. The Beaconlight Capital Llc holds 111,850 shares with $6.17M value, up from 72,500 last quarter. Wells Fargo Co New now has $291.59 billion valuation. The stock increased 0.10% or $0.06 during the last trading session, reaching $59.61. About 10.62 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 15, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. The company has market cap of $270.34 million. It operates through two divisions, Retail and Credit. It has a 26.1 P/E ratio. The companyÂ’s stores and e-commerce Website offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags for women.

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.24, from 1.4 in 2017Q2. It is negative, as 14 investors sold The Cato Corporation shares while 44 reduced holdings. 25 funds opened positions while 42 raised stakes. 19.76 million shares or 4.48% less from 20.68 million shares in 2017Q2 were reported. Pnc Fincl Svcs Group holds 267 shares or 0% of its portfolio. 113,985 are held by Dean Cap Mgmt. Ameritas Invest Ptnrs holds 2,030 shares or 0% of its portfolio. Nationwide Fund Advsr has invested 0% in The Cato Corporation (NYSE:CATO). Morgan Stanley invested in 0% or 610,207 shares. Macquarie Grp Limited accumulated 4,800 shares. Ls Investment Ltd Com reported 961 shares or 0% of all its holdings. Raymond James Associate invested 0% in The Cato Corporation (NYSE:CATO). Dimensional Fund Advisors Limited Partnership has 0.01% invested in The Cato Corporation (NYSE:CATO). 23,499 are held by Balyasny Asset Mngmt Llc. State Board Of Administration Of Florida Retirement System invested 0% of its portfolio in The Cato Corporation (NYSE:CATO). Bancshares Of Mellon Corporation has 539,968 shares for 0% of their portfolio. Robeco Institutional Asset Bv reported 0.02% stake. Vanguard Gp Inc owns 2.06 million shares for 0% of their portfolio. 77,940 are held by Systematic Financial Mngmt Limited Partnership.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. Sandler O’Neill upgraded the stock to “Buy” rating in Wednesday, September 2 report. Nomura maintained Wells Fargo & Company (NYSE:WFC) on Thursday, September 28 with “Buy” rating. The company was upgraded on Monday, September 19 by Robert W. Baird. JP Morgan downgraded the stock to “Underweight” rating in Monday, February 5 report. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, January 4. Jefferies downgraded Wells Fargo & Company (NYSE:WFC) on Monday, November 28 to “Hold” rating. Wood downgraded the shares of WFC in report on Monday, February 5 to “Market Perform” rating. The company was downgraded on Tuesday, November 15 by Guggenheim. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Wednesday, April 5. The firm has “Sell” rating given on Friday, July 21 by Berenberg.

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