Commonwealth Equity Services LLC Cuts Position in Camping World Holdings, Inc. (NYSE:CWH)

Commonwealth Equity Services LLC trimmed its holdings in shares of Camping World Holdings, Inc. (NYSE:CWH) by 3.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,583 shares of the company’s stock after selling 1,195 shares during the period. Commonwealth Equity Services LLC’s holdings in Camping World were worth $546,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. ICA Group Wealth Management LLC bought a new position in Camping World during the 4th quarter valued at approximately $35,000. Russell Investments Group Ltd. grew its stake in shares of Camping World by 6,495.0% in the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after acquiring an additional 3,897 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Camping World during the fourth quarter valued at $172,000. ProShare Advisors LLC purchased a new position in shares of Camping World in the 1st quarter worth about $209,000. Finally, Diversify Advisory Services LLC bought a new position in Camping World in the 1st quarter worth about $353,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CWH shares. Roth Mkm reduced their price objective on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Monness Crespi & Hardt reduced their price target on shares of Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. KeyCorp decreased their price objective on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Truist Financial increased their target price on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.71.

Insider Buying and Selling at Camping World

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the completion of the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,546,321.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 43.80% of the stock is owned by corporate insiders.

Camping World Stock Performance

Shares of CWH stock opened at $24.37 on Friday. The firm has a market capitalization of $2.06 billion, a PE ratio of -609.25 and a beta of 2.47. The company has a 50 day moving average price of $21.70 and a 200-day moving average price of $21.81. Camping World Holdings, Inc. has a 52 week low of $16.18 and a 52 week high of $28.72. The company has a quick ratio of 0.19, a current ratio of 1.19 and a debt-to-equity ratio of 10.08.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.87 billion. Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. As a group, equities research analysts expect that Camping World Holdings, Inc. will post -0.61 earnings per share for the current year.

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, September 13th. Camping World’s dividend payout ratio (DPR) is presently -1,250.00%.

About Camping World

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.