Proficio Capital Partners LLC Takes $239,000 Position in Camping World Holdings, Inc. (NYSE:CWH)

Proficio Capital Partners LLC bought a new stake in Camping World Holdings, Inc. (NYSE:CWH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,323 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds have also made changes to their positions in the company. Quest Partners LLC raised its stake in shares of Camping World by 5,647.8% in the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock valued at $32,000 after acquiring an additional 1,299 shares during the period. Blue Trust Inc. raised its stake in shares of Camping World by 195.0% in the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock valued at $32,000 after acquiring an additional 1,014 shares during the period. Truvestments Capital LLC purchased a new position in shares of Camping World in the 3rd quarter valued at $165,000. Blueshift Asset Management LLC purchased a new position in shares of Camping World in the 3rd quarter valued at $214,000. Finally, World Investment Advisors LLC purchased a new position in shares of Camping World in the 3rd quarter valued at $258,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Stock Performance

Camping World stock opened at $16.55 on Wednesday. The firm’s fifty day moving average price is $21.55 and its 200 day moving average price is $22.41. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -23.98, a price-to-earnings-growth ratio of 0.92 and a beta of 2.57. Camping World Holdings, Inc. has a 12-month low of $15.39 and a 12-month high of $28.33. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World (NYSE:CWH) last released its earnings results on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, hitting the consensus estimate of ($0.55). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. On average, research analysts forecast that Camping World Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, March 14th. Camping World’s payout ratio is currently -65.79%.

Insider Transactions at Camping World

In other Camping World news, President Matthew D. Wagner acquired 5,725 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $17.61 per share, with a total value of $100,817.25. Following the transaction, the president now directly owns 300,640 shares in the company, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 43.80% of the company’s stock.

Analysts Set New Price Targets

CWH has been the topic of a number of research reports. StockNews.com raised shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Truist Financial lifted their price target on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Bank of America began coverage on shares of Camping World in a research note on Thursday, December 19th. They set a “buy” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.71.

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.