Chapin Davis Inc. Cuts Stake in Camping World Holdings, Inc. (NYSE:CWH)

Chapin Davis Inc. lessened its holdings in Camping World Holdings, Inc. (NYSE:CWH) by 14.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,778 shares of the company’s stock after selling 1,998 shares during the quarter. Chapin Davis Inc.’s holdings in Camping World were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. ICA Group Wealth Management LLC purchased a new stake in Camping World in the 4th quarter worth approximately $35,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Camping World by 9.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,181 shares of the company’s stock worth $504,000 after buying an additional 1,712 shares during the period. Raymond James & Associates lifted its holdings in Camping World by 16.8% in the 4th quarter. Raymond James & Associates now owns 29,522 shares of the company’s stock worth $775,000 after buying an additional 4,256 shares during the period. Camelot Portfolios LLC lifted its stake in shares of Camping World by 28.4% in the 4th quarter. Camelot Portfolios LLC now owns 22,600 shares of the company’s stock valued at $593,000 after purchasing an additional 5,000 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Camping World in the 4th quarter valued at approximately $172,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Camping World Stock Performance

Shares of CWH opened at $17.57 on Tuesday. The business has a fifty day moving average of $19.85 and a 200 day moving average of $23.64. The company has a debt-to-equity ratio of 11.24, a current ratio of 1.19 and a quick ratio of 0.17. Camping World Holdings, Inc. has a one year low of $16.18 and a one year high of $32.88. The firm has a market capitalization of $1.49 billion, a P/E ratio of -439.14 and a beta of 2.54.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.01). Camping World had a negative return on equity of 2.39% and a net margin of 0.09%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.43 billion. As a group, sell-side analysts anticipate that Camping World Holdings, Inc. will post 0.83 EPS for the current year.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.85%. Camping World’s payout ratio is -1,249.69%.

Wall Street Analyst Weigh In

CWH has been the subject of a number of research analyst reports. Monness Crespi & Hardt lowered their target price on Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. KeyCorp lowered their target price on Camping World from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. StockNews.com lowered Camping World from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Truist Financial reduced their price objective on Camping World from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Roth Mkm reissued a “buy” rating and issued a $28.00 target price (down previously from $30.00) on shares of Camping World in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

Camping World Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.