Cabelas Inc (CAB) Position Lessened by Alpine Global Management LLC

Alpine Global Management LLC decreased its holdings in Cabelas Inc (NYSE:CAB) by 34.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,000 shares of the company’s stock after selling 64,600 shares during the quarter. Cabelas comprises about 2.3% of Alpine Global Management LLC’s portfolio, making the stock its 12th biggest position. Alpine Global Management LLC owned approximately 0.18% of Cabelas worth $7,428,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CAB. Teacher Retirement System of Texas acquired a new stake in Cabelas during the 2nd quarter worth about $229,000. Shelton Capital Management purchased a new position in shares of Cabelas during the 2nd quarter valued at about $231,000. Karp Capital Management Corp purchased a new position in shares of Cabelas during the 1st quarter valued at about $234,000. LS Investment Advisors LLC raised its stake in shares of Cabelas by 21.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,197 shares of the company’s stock valued at $249,000 after buying an additional 742 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Cabelas by 4.4% during the 2nd quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock valued at $256,000 after buying an additional 180 shares during the last quarter. 56.87% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Cabelas Inc (CAB) Position Lessened by Alpine Global Management LLC” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/18/alpine-global-management-llc-sells-64600-shares-of-cabelas-inc-cab.html.

Cabelas (NYSE:CAB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). Cabelas had a net margin of 3.18% and a return on equity of 5.53%. The firm had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year.

Several equities analysts recently weighed in on CAB shares. BidaskClub lowered Cabelas from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $61.50 price target (up previously from $59.00) on shares of Cabelas in a research note on Friday, September 8th. Forward View restated a “buy” rating and issued a $61.50 price target on shares of Cabelas in a research note on Tuesday, August 8th. Zacks Investment Research lowered Cabelas from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Northcoast Research lowered Cabelas from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have assigned a

Several other institutional investors have also bought and sold shares of CAB. Teacher Retirement System of Texas acquired a new stake in Cabelas during the 2nd quarter worth about $229,000. Shelton Capital Management purchased a new position in shares of Cabelas during the 2nd quarter valued at about $231,000. Karp Capital Management Corp purchased a new position in shares of Cabelas during the 1st quarter valued at about $234,000. LS Investment Advisors LLC raised its stake in shares of Cabelas by 21.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,197 shares of the company’s stock valued at $249,000 after buying an additional 742 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Cabelas by 4.4% during the 2nd quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock valued at $256,000 after buying an additional 180 shares during the last quarter. 56.87% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Cabelas Inc (CAB) Position Lessened by Alpine Global Management LLC” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/18/alpine-global-management-llc-sells-64600-shares-of-cabelas-inc-cab.html.

Cabelas (NYSE:CAB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). Cabelas had a net margin of 3.18% and a return on equity of 5.53%. The firm had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year.

Several equities analysts recently weighed in on CAB shares. BidaskClub lowered Cabelas from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $61.50 price target (up previously from $59.00) on shares of Cabelas in a research note on Friday, September 8th. Forward View restated a “buy” rating and issued a $61.50 price target on shares of Cabelas in a research note on Tuesday, August 8th. Zacks Investment Research lowered Cabelas from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Northcoast Research lowered Cabelas from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.13.

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.

Institutional Ownership by Quarter for Cabelas (NYSE:CAB)

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