Camping World Holdings, Inc. (NYSE:CWH) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its position in Camping World Holdings, Inc. (NYSE:CWH) by 22.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,035,007 shares of the company’s stock after selling 304,914 shares during the quarter. Millennium Management LLC owned about 1.22% of Camping World worth $18,485,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CWH. Maverick Capital Ltd. acquired a new stake in shares of Camping World during the second quarter worth $965,000. Eminence Capital LP raised its position in shares of Camping World by 79.8% during the second quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Camping World by 419.3% during the second quarter. Cubist Systematic Strategies LLC now owns 48,812 shares of the company’s stock worth $872,000 after purchasing an additional 39,412 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Camping World during the second quarter worth $50,000. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in shares of Camping World during the second quarter worth $309,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

Insider Transactions at Camping World

In other news, CEO Marcus Lemonis sold 125,000 shares of the company’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 owns 155,268 shares in the company, valued at approximately $3,546,321.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 43.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CWH shares. Roth Mkm cut their target price on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. KeyCorp dropped their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Truist Financial upped their price target on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Monness Crespi & Hardt upped their price target on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.83.

Camping World Stock Performance

Shares of CWH stock opened at $23.44 on Friday. The company has a debt-to-equity ratio of 10.08, a current ratio of 1.19 and a quick ratio of 0.19. Camping World Holdings, Inc. has a fifty-two week low of $16.18 and a fifty-two week high of $28.72. The stock’s 50-day moving average is $22.16 and its two-hundred day moving average is $21.59. The firm has a market cap of $1.98 billion, a P/E ratio of -586.00 and a beta of 2.47.

Camping World (NYSE:CWH) last issued its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts predict that Camping World Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.13%. Camping World’s dividend payout ratio (DPR) is presently -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.