Burgundy Asset Management LTD Has Boosted Imperial Oil LTD (IMO) Stake; Cato (CATO) Shorts Down By 10.51%

December 7, 2017 - By Ellis Scott

Cato Corporation (NYSE:CATO) had a decrease of 10.51% in short interest. CATO’s SI was 1.64 million shares in December as released by FINRA. Its down 10.51% from 1.83 million shares previously. With 204,100 avg volume, 8 days are for Cato Corporation (NYSE:CATO)’s short sellers to cover CATO’s short positions. The SI to Cato Corporation’s float is 6.98%. The stock increased 1.20% or $0.19 during the last trading session, reaching $16.07. About 236,659 shares traded. The Cato Corporation (NYSE:CATO) has declined 41.89% since December 7, 2016 and is downtrending. It has underperformed by 58.59% the S&P500.

Burgundy Asset Management Ltd increased Imperial Oil Ltd. (IMO) stake by 6.66% reported in 2017Q2 SEC filing. Burgundy Asset Management Ltd acquired 46,474 shares as Imperial Oil Ltd. (IMO)’s stock declined 11.40%. The Burgundy Asset Management Ltd holds 744,713 shares with $21.69 million value, up from 698,239 last quarter. Imperial Oil Ltd. now has $26.25B valuation. The stock decreased 0.51% or $0.16 during the last trading session, reaching $31.06. About 182,264 shares traded. Imperial Oil Limited (NYSEMKT:IMO) has declined 6.78% since December 7, 2016 and is downtrending. It has underperformed by 23.48% the S&P500.

Among 8 analysts covering Imperial Oil (NYSEMKT:IMO), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. Imperial Oil had 10 analyst reports since October 12, 2015 according to SRatingsIntel. The company was upgraded on Monday, October 24 by Credit Suisse. On Wednesday, April 5 the stock rating was downgraded by Goldman Sachs to “Sell”. The rating was downgraded by Barclays Capital to “Equal-Weight” on Monday, October 12. On Tuesday, October 25 the stock rating was initiated by Goldman Sachs with “Neutral”. The stock has “Outperform” rating by Raymond James on Thursday, September 22. RBC Capital Markets maintained Imperial Oil Limited (NYSEAMERICAN:IMO) on Thursday, November 5 with “Sector Perform” rating. Macquarie Research upgraded the shares of IMO in report on Monday, October 31 to “Neutral” rating. JP Morgan initiated Imperial Oil Limited (NYSEAMERICAN:IMO) on Thursday, August 25 with “Neutral” rating. Bank of America initiated Imperial Oil Limited (NYSEAMERICAN:IMO) on Friday, August 19 with “Underperform” rating. On Tuesday, January 24 the stock rating was downgraded by Macquarie Research to “Underperform”.

Burgundy Asset Management Ltd decreased Re/Max Holdings Inc. (NYSE:RMAX) stake by 8,556 shares to 1.39M valued at $77.88 million in 2017Q2. It also reduced Hilltop Holdings Inc. (NYSE:HTH) stake by 27,298 shares and now owns 1.66M shares. Primerica Inc. (NYSE:PRI) was reduced too.

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 $388.93 million. It operates through two divisions, Retail and Credit. It has a 25.39 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.

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