BlueCrest Capital Management Ltd Acquires 5,442 Shares of Cabelas Inc (CAB)

BlueCrest Capital Management Ltd boosted its holdings in shares of Cabelas Inc (NYSE:CAB) by 94.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,215 shares of the company’s stock after purchasing an additional 5,442 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Cabelas were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Cabelas by 3.0% during the second quarter. Vanguard Group Inc. now owns 4,420,570 shares of the company’s stock valued at $262,670,000 after purchasing an additional 127,228 shares in the last quarter. BlackRock Inc. raised its stake in Cabelas by 0.5% during the second quarter. BlackRock Inc. now owns 3,991,541 shares of the company’s stock valued at $237,177,000 after purchasing an additional 21,408 shares in the last quarter. State Street Corp raised its stake in Cabelas by 3.7% during the first quarter. State Street Corp now owns 1,379,058 shares of the company’s stock valued at $73,246,000 after purchasing an additional 49,045 shares in the last quarter. Sand Grove Capital Management LLP raised its stake in Cabelas by 334.0% during the second quarter. Sand Grove Capital Management LLP now owns 1,332,219 shares of the company’s stock valued at $79,427,000 after purchasing an additional 1,025,242 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Cabelas by 49.2% during the second quarter. JPMorgan Chase & Co. now owns 1,039,016 shares of the company’s stock valued at $61,739,000 after purchasing an additional 342,558 shares in the last quarter. 56.87% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Cabelas from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Forward View reaffirmed a “buy” rating and set a $61.50 price target on shares of Cabelas in a research note on Thursday, September 7th. Northcoast Research downgraded shares of Cabelas from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. BidaskClub downgraded shares of Cabelas from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Stifel Nicolaus set a $59.00 price target on shares of Cabelas and gave the company a “hold” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $61.13.

Shares of Cabelas Inc (CAB) opened at 61.50 on Monday. The stock has a 50 day moving average of $57.05 and a 200 day moving average of $55.43. Cabelas Inc has a 52 week low of $45.00 and a 52 week high of $63.60. The stock has a market cap of $4.24 billion, a P/E ratio of 31.90 and a beta of 0.14.

Cabelas (NYSE:CAB) last announced its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). Cabelas had a return on equity of 5.53% and a net margin of 3.18%. The business had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. During the same period last year, the firm earned $0.59 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect that Cabelas Inc will post $2.60 earnings per share for the current year.

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A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Cabelas by 3.0% during the second quarter. Vanguard Group Inc. now owns 4,420,570 shares of the company’s stock valued at $262,670,000 after purchasing an additional 127,228 shares in the last quarter. BlackRock Inc. raised its stake in Cabelas by 0.5% during the second quarter. BlackRock Inc. now owns 3,991,541 shares of the company’s stock valued at $237,177,000 after purchasing an additional 21,408 shares in the last quarter. State Street Corp raised its stake in Cabelas by 3.7% during the first quarter. State Street Corp now owns 1,379,058 shares of the company’s stock valued at $73,246,000 after purchasing an additional 49,045 shares in the last quarter. Sand Grove Capital Management LLP raised its stake in Cabelas by 334.0% during the second quarter. Sand Grove Capital Management LLP now owns 1,332,219 shares of the company’s stock valued at $79,427,000 after purchasing an additional 1,025,242 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Cabelas by 49.2% during the second quarter. JPMorgan Chase & Co. now owns 1,039,016 shares of the company’s stock valued at $61,739,000 after purchasing an additional 342,558 shares in the last quarter. 56.87% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Cabelas from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Forward View reaffirmed a “buy” rating and set a $61.50 price target on shares of Cabelas in a research note on Thursday, September 7th. Northcoast Research downgraded shares of Cabelas from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. BidaskClub downgraded shares of Cabelas from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Stifel Nicolaus set a $59.00 price target on shares of Cabelas and gave the company a “hold” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $61.13.

Shares of Cabelas Inc (CAB) opened at 61.50 on Monday. The stock has a 50 day moving average of $57.05 and a 200 day moving average of $55.43. Cabelas Inc has a 52 week low of $45.00 and a 52 week high of $63.60. The stock has a market cap of $4.24 billion, a P/E ratio of 31.90 and a beta of 0.14.

Cabelas (NYSE:CAB) last announced its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). Cabelas had a return on equity of 5.53% and a net margin of 3.18%. The business had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. During the same period last year, the firm earned $0.59 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect that Cabelas Inc will post $2.60 earnings per share for the current year.

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Cabelas Company Profile

Cabela’s Incorporated is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Company’s segments include Merchandising and Financial Services.

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Institutional Ownership by Quarter for Cabelas (NYSE:CAB)

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