Moors & Cabot Inc. Grows Stock Position in Camping World Holdings, Inc. (NYSE:CWH)

Moors & Cabot Inc. raised its position in Camping World Holdings, Inc. (NYSE:CWH) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,065 shares of the company’s stock after buying an additional 531 shares during the quarter. Moors & Cabot Inc.’s holdings in Camping World were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Camping World by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,349 shares of the company’s stock valued at $13,087,000 after purchasing an additional 28,569 shares during the last quarter. Advisory Services Network LLC bought a new stake in Camping World during the 4th quarter valued at $172,000. Eminence Capital LP purchased a new stake in shares of Camping World during the fourth quarter worth $37,451,000. ICA Group Wealth Management LLC bought a new position in shares of Camping World in the fourth quarter worth $35,000. Finally, Vanguard Group Inc. grew its position in shares of Camping World by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,035,275 shares of the company’s stock valued at $105,966,000 after purchasing an additional 122,856 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Insider Buying and Selling at Camping World

In other news, CEO Marcus Lemonis sold 121,450 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.80, for a total value of $2,647,610.00. Following the completion of the sale, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,384,842.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 43.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CWH. Roth Mkm cut their target price on 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 cut their price objective 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. Truist Financial upped their target price on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday. Finally, KeyCorp cut their price target 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. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.71.

Camping World Stock Performance

Camping World stock opened at $24.37 on Friday. Camping World Holdings, Inc. has a fifty-two week low of $16.18 and a fifty-two week high of $28.72. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19. The stock has a market cap of $2.06 billion, a P/E ratio of -609.25 and a beta of 2.47. The firm’s fifty day moving average price is $21.70 and its 200-day moving average price is $21.81.

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

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, September 13th. Camping World’s dividend payout ratio is currently -1,250.00%.

Camping World Company 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.