Shapiro Capital Management Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Shapiro Capital Management reduced its stake in Cabelas Inc by 18.39% during the most recent quarter end. The investment management company now holds a total of 3,978,027 shares of Cabelas Inc which is valued at $190.5 Million after selling 896,286 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Cabelas Inc makes up approximately 5.53% of Shapiro Capital Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in CAB by selling 28,498 shares or 24.43% in the most recent quarter. The Hedge Fund company now holds 88,142 shares of CAB which is valued at $4.2 Million. Cabelas Inc makes up approx 0.01% of Parametric Portfolio Associates’s portfolio. Group One Trading added CAB to its portfolio by purchasing 2,257 company shares during the most recent quarter which is valued at $108,065. Cabelas Inc makes up approx 0.01% of Group One Trading’s portfolio. Huntington Asset Advisors sold out all of its stake in CAB during the most recent quarter. The investment firm sold 30,500 shares of CAB which is valued $1.5 Million.Swiss National Bank boosted its stake in CAB in the latest quarter, The investment management firm added 16,100 additional shares and now holds a total of 84,800 shares of Cabelas Inc which is valued at $4.3 Million. Cabelas Inc makes up approx 0.01% of Swiss National Bank’s portfolio.

Cabelas Inc opened for trading at $48.6 and hit $49.11 on the upside on Wednesday, eventually ending the session at $49.03, with a gain of 0.99% or 0.48 points. The heightened volatility saw the trading volume jump to 3,30,860 shares. Company has a market cap of $3,347 M.

On the company’s financial health, Cabelas Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.39. The company had revenue of $864.70 million for the quarter, compared to analysts expectations of $892.27 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 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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