Beddow Capital Management Inc Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Beddow Capital Management Inc reduced its stake in Cabelas Inc by 16.69% during the most recent quarter end. The investment management company now holds a total of 221,835 shares of Cabelas Inc which is valued at $11,493,271 after selling 44,445 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Cabelas Inc makes up approximately 4.36% of Beddow Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Ramsey Quantitative Systems sold out all of its stake in CAB during the most recent quarter. The investment firm sold 9,456 shares of CAB which is valued $489,915. Trexquant Investment Lp added CAB to its portfolio by purchasing 11,273 company shares during the most recent quarter which is valued at $584,054. Cabelas Inc makes up approx 0.07% of Trexquant Investment Lp’s portfolio.Pittenger Anderson Inc reduced its stake in CAB by selling 2,000 shares or 84.39% in the most recent quarter. The Hedge Fund company now holds 370 shares of CAB which is valued at $19,055.Ubs Asset Management Americas Inc reduced its stake in CAB by selling 222 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 40,762 shares of CAB which is valued at $2,104,950. Parametrica Management Ltd added CAB to its portfolio by purchasing 4,688 company shares during the most recent quarter which is valued at $252,918. Cabelas Inc makes up approx 0.36% of Parametrica Management Ltd’s portfolio.

Cabelas Inc closed down -0.36 points or -0.71% at $50 with 5,29,041 shares getting traded on Tuesday. Post opening the session at $50.51, the shares hit an intraday low of $49.83 and an intraday high of $51.275 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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