Camping World Holdings, Inc. (NYSE:CWH) Stake Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its position in shares of Camping World Holdings, Inc. (NYSE:CWH) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,744 shares of the company’s stock after selling 2,838 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Camping World were worth $564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Camelot Portfolios LLC lifted its position in shares of Camping World by 3.7% in the 4th quarter. Camelot Portfolios LLC now owns 14,100 shares of the company’s stock valued at $297,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. raised its stake in Camping World by 195.0% during the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock valued at $32,000 after purchasing an additional 1,014 shares during the period. Telos Capital Management Inc. lifted its holdings in shares of Camping World by 36.4% in the fourth quarter. Telos Capital Management Inc. now owns 15,000 shares of the company’s stock valued at $316,000 after purchasing an additional 4,000 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Camping World by 33.6% in the fourth quarter. Arizona State Retirement System now owns 16,477 shares of the company’s stock worth $347,000 after buying an additional 4,148 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Camping World by 48.5% during the fourth quarter. Handelsbanken Fonder AB now owns 14,700 shares of the company’s stock valued at $310,000 after buying an additional 4,800 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Camping World

In other news, President Matthew D. Wagner purchased 5,725 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the acquisition, the president now directly owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 43.80% of the company’s stock.

Camping World Stock Performance

CWH stock opened at $12.90 on Friday. The firm has a 50 day moving average of $19.54 and a two-hundred day moving average of $21.69. Camping World Holdings, Inc. has a 12 month low of $12.08 and a 12 month high of $26.33. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -18.69, a P/E/G ratio of 0.92 and a beta of 2.32. 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 (NYSE:CWH) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.55). Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities analysts anticipate that Camping World Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a yield of 3.88%. Camping World’s payout ratio is currently -65.79%.

Analyst Upgrades and Downgrades

CWH has been the subject of several research analyst reports. KeyCorp reduced their price objective on Camping World from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Robert W. Baird restated a “neutral” rating and set a $18.00 price target (down from $28.00) on shares of Camping World in a report on Friday. Bank of America started coverage on shares of Camping World in a research note on Thursday, December 19th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Truist Financial lifted their target price on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.88.

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.