Private Capital Management Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Private Capital Management reduced its stake in Cabelas Inc by 1.49% during the most recent quarter end. The investment management company now holds a total of 418,570 shares of Cabelas Inc which is valued at $21,686,112 after selling 6,330 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cabelas Inc makes up approximately 2.75% of Private Capital Management’s portfolio.

Other Hedge Funds, Including , Water Island Capital added CAB to its portfolio by purchasing 175,663 company shares during the most recent quarter which is valued at $9,101,100. Cabelas Inc makes up approx 0.62% of Water Island Capital’s portfolio.Alliancebernstein reduced its stake in CAB by selling 860 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 35,332 shares of CAB which is valued at $1,830,551. Diversified Trust Co sold out all of its stake in CAB during the most recent quarter. The investment firm sold 5,400 shares of CAB which is valued $290,682.Ls Investment Advisors boosted its stake in CAB in the latest quarter, The investment management firm added 1,235 additional shares and now holds a total of 2,997 shares of Cabelas Inc which is valued at $161,688. Cabelas Inc makes up approx 0.01% of Ls Investment Advisors’s portfolio.

Cabelas Inc opened for trading at $49.04 and hit $49.27 on the upside on Thursday, eventually ending the session at $49.23, with a gain of 0.49% or 0.24 points. The heightened volatility saw the trading volume jump to 3,56,660 shares. Company has a market cap of $3,371 M.

On the company’s financial health, Cabelas Inc reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.62. The company had revenue of $929.90 million for the quarter, compared to analysts expectations of $905.15 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting fishing camping and related outdoor merchandise. The Company operates under the following segments: Retail Direct Financial Services and Corporate Overhead and Other. The Retail Business segment enables customers to access and use its retail stores Web and social media channels and catalogs. The Direct Business segment sells products through its e-commerce Websites and direct mail catalogs. The Financial Services Business segment provides customers with a rewards program. The Company’s products include merchandise and equipment for hunting fishing marine use and camping along with casual and outdoor apparel and footwear optics wildlife and land management products and services vehicle accessories and gifts and home furnishings among others.

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