Halcyon Management Partners LP purchased a new position in Cabela’s Inc (NYSE:CAB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,900 shares of the company’s stock, valued at approximately $6,056,000. Cabela’s makes up approximately 1.4% of Halcyon Management Partners LP’s portfolio, making the stock its 15th largest position. Halcyon Management Partners LP owned 0.15% of Cabela’s as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its stake in Cabela’s by 5.4% in the first quarter. Great West Life Assurance Co. Can now owns 30,036 shares of the company’s stock valued at $1,594,000 after acquiring an additional 1,551 shares during the period. Bank of New York Mellon Corp raised its position in shares of Cabela’s by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 548,940 shares of the company’s stock worth $29,153,000 after purchasing an additional 17,568 shares during the period. Comerica Bank raised its position in shares of Cabela’s by 4.4% during the first quarter. Comerica Bank now owns 39,705 shares of the company’s stock worth $2,197,000 after purchasing an additional 1,684 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Cabela’s by 23.8% during the first quarter. UBS Asset Management Americas Inc. now owns 28,635 shares of the company’s stock worth $1,521,000 after purchasing an additional 5,499 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Cabela’s in the 1st quarter worth $234,000. Institutional investors and hedge funds own 56.87% of the company’s stock.

CAB has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Northcoast Research downgraded shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. BidaskClub lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Forward View reaffirmed a “buy” rating and issued a $61.50 price objective on shares of Cabela’s in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $61.50 price objective (up from $59.00) on shares of Cabela’s in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.50.

Cabela’s Inc (NYSE:CAB) traded up 0.05% during trading on Monday, reaching $61.50. 853,333 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $55.62 and a 200-day moving average of $54.79. The stock has a market cap of $4.24 billion, a PE ratio of 31.90 and a beta of 0.14. Cabela’s Inc has a 12 month low of $45.00 and a 12 month high of $63.60.

Cabela’s (NYSE:CAB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). The company had revenue of $890.40 million for the quarter, compared to the consensus estimate of $906.06 million. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. On average, equities research analysts anticipate that Cabela’s Inc will post $2.60 earnings per share for the current fiscal year.

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About Cabela’s

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 Cabela`s (NYSE:CAB)

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