Bank of New York Mellon Corp Decreases Stock Holdings in Camping World Holdings, Inc. (NYSE:CWH)

Bank of New York Mellon Corp decreased its holdings in shares of Camping World Holdings, Inc. (NYSE:CWH) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,084 shares of the company’s stock after selling 14,360 shares during the period. Bank of New York Mellon Corp owned about 0.34% of Camping World worth $6,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CWH. JPMorgan Chase & Co. increased its position in shares of Camping World by 611.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company’s stock worth $7,094,000 after purchasing an additional 251,748 shares during the last quarter. Soros Fund Management LLC acquired a new position in shares of Camping World during the third quarter worth about $6,053,000. Barclays PLC grew its position in shares of Camping World by 96.9% during the third quarter. Barclays PLC now owns 317,052 shares of the company’s stock worth $7,678,000 after buying an additional 156,055 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Camping World during the third quarter worth approximately $2,578,000. Finally, Weiss Asset Management LP purchased a new stake in Camping World during the third quarter worth approximately $1,851,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Insider Activity at Camping World

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

Camping World Stock Up 3.6 %

Shares of NYSE:CWH opened at $16.65 on Monday. The stock’s fifty day simple moving average is $21.29 and its 200-day simple moving average is $22.27. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. Camping World Holdings, Inc. has a 52-week low of $15.39 and a 52-week high of $28.33. The company has a market capitalization of $1.70 billion, a P/E ratio of -24.14, a P/E/G ratio of 0.92 and a beta of 2.57.

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

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, March 14th. Camping World’s dividend payout ratio is currently -65.79%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CWH. Truist Financial boosted their price objective on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Bank of America began coverage on Camping World in a report on Thursday, December 19th. They set a “buy” rating and a $30.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.71.

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.