Shapiro Capital Management Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Shapiro Capital Management reduced its stake in Cabelas Inc by 1.64% during the most recent quarter end. The investment management company now holds a total of 3,912,941 shares of Cabelas Inc which is valued at $202,729,473 after selling 65,086 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Cabelas Inc makes up approximately 5.30% of Shapiro Capital Management’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in CAB in the latest quarter, The investment management firm added 730 additional shares and now holds a total of 7,100 shares of Cabelas Inc which is valued at $367,851. Investment Centers Of America Inc sold out all of its stake in CAB during the most recent quarter. The investment firm sold 4,668 shares of CAB which is valued $240,402.Oppenheimer Co Inc boosted its stake in CAB in the latest quarter, The investment management firm added 1,680 additional shares and now holds a total of 14,605 shares of Cabelas Inc which is valued at $754,202. Cabelas Inc makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.

Cabelas Inc opened for trading at $49.46 and hit $49.99 on the upside on Monday, eventually ending the session at $49.39, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 6,75,039 shares. Company has a market cap of $3,382 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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