Netols Asset Management Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Netols Asset Management reduced its stake in Cabelas Inc by 3.78% during the most recent quarter end. The investment management company now holds a total of 161,053 shares of Cabelas Inc which is valued at $8,344,156 after selling 6,329 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Cabelas Inc makes up approximately 1.83% of Netols Asset Management’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in CAB in the latest quarter, The investment management firm added 2,034 additional shares and now holds a total of 12,290 shares of Cabelas Inc which is valued at $636,745.Global Thematic Partners reduced its stake in CAB by selling 338,563 shares or 52.4% in the most recent quarter. The Hedge Fund company now holds 307,541 shares of CAB which is valued at $15,838,362. Cabelas Inc makes up approx 0.37% of Global Thematic Partners’s portfolio.Sg Americas Securities reduced its stake in CAB by selling 3,654 shares or 21.14% in the most recent quarter. The Hedge Fund company now holds 13,628 shares of CAB which is valued at $694,347. Cabelas Inc makes up approx 0.01% of Sg Americas Securities’s portfolio.Msi Financial Services Inc reduced its stake in CAB by selling 509 shares or 43.69% in the most recent quarter. The Hedge Fund company now holds 656 shares of CAB which is valued at $35,312.

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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