Engineers Gate Manager LP boosted its position in Camping World Holdings Inc (NYSE:CWH) by 96.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,826 shares of the company’s stock after acquiring an additional 32,276 shares during the period. Engineers Gate Manager LP owned 0.08% of Camping World worth $2,682,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Bamco Inc. NY increased its position in shares of Camping World by 93.7% during the second quarter. Bamco Inc. NY now owns 2,130,600 shares of the company’s stock valued at $65,729,000 after acquiring an additional 1,030,600 shares during the last quarter. Citadel Advisors LLC increased its position in Camping World by 347.5% in the second quarter. Citadel Advisors LLC now owns 965,923 shares of the company’s stock worth $29,799,000 after buying an additional 750,059 shares during the last quarter. Eagle Asset Management Inc. increased its position in Camping World by 190.6% in the second quarter. Eagle Asset Management Inc. now owns 1,098,018 shares of the company’s stock worth $33,873,000 after buying an additional 720,235 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Camping World in the second quarter worth $17,892,000. Finally, Voya Investment Management LLC increased its position in Camping World by 73.9% in the second quarter. Voya Investment Management LLC now owns 1,104,837 shares of the company’s stock worth $34,084,000 after buying an additional 469,558 shares during the last quarter. Institutional investors and hedge funds own 33.98% of the company’s stock.
In related news, insider Brent L. Moody sold 21,464 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $38.44, for a total transaction of $825,076.16. Following the transaction, the insider now owns 81,464 shares in the company, valued at approximately $3,131,476.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Crestview Partners Ii Gp, L.P. sold 863,104 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $40.50, for a total value of $34,955,712.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,239,274 shares of company stock worth $332,471,945. 66.60% of the stock is owned by company insiders.
A number of analysts have issued reports on the company. ValuEngine downgraded Camping World from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $48.00 price target (up from $37.00) on shares of Camping World in a report on Tuesday, November 7th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating and issued a $45.00 price target (up from $43.00) on shares of Camping World in a report on Tuesday, October 31st. Bank of America raised their price target on Camping World from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $47.00 price target (up from $40.00) on shares of Camping World in a report on Tuesday, October 24th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $44.11.
Shares of Camping World Holdings Inc (CWH) traded down $0.30 during mid-day trading on Thursday, reaching $46.20. The company’s stock had a trading volume of 310,900 shares, compared to its average volume of 481,666. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.29 and a current ratio of 1.29. Camping World Holdings Inc has a 52-week low of $26.30 and a 52-week high of $47.35. The company has a market capitalization of $4,062.38, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.23 and a beta of 3.90.
Camping World (NYSE:CWH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.11. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. Camping World had a return on equity of 116.85% and a net margin of 1.20%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. equities analysts expect that Camping World Holdings Inc will post 2.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. Camping World’s dividend payout ratio is currently 16.16%.
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About Camping World
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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