Pingora Partners LLC Makes New Investment in Camping World Holdings, Inc. (NYSE:CWH)

Pingora Partners LLC bought a new stake in shares of Camping World Holdings, Inc. (NYSE:CWH) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 15,200 shares of the company’s stock, valued at approximately $320,000.

A number of other hedge funds have also made changes to their positions in CWH. Cinctive Capital Management LP boosted its stake in Camping World by 117.2% during the 4th quarter. Cinctive Capital Management LP now owns 125,031 shares of the company’s stock valued at $2,636,000 after acquiring an additional 67,459 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Camping World by 611.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company’s stock valued at $7,094,000 after purchasing an additional 251,748 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Camping World by 39.2% during the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock worth $122,003,000 after purchasing an additional 1,630,307 shares during the last quarter. Geode Capital Management LLC grew its stake in Camping World by 4.5% in the third quarter. Geode Capital Management LLC now owns 978,330 shares of the company’s stock worth $23,701,000 after purchasing an additional 41,705 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Camping World in the fourth quarter valued at about $1,465,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

Wall Street Analyst Weigh In

CWH has been the subject of several research reports. Robert W. Baird reiterated a “neutral” rating and issued a $18.00 target price (down previously from $28.00) on shares of Camping World in a research report on Friday, April 4th. KeyCorp decreased their price objective on shares of Camping World from $22.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Baird R W lowered shares of Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Truist Financial reduced their price target on shares of Camping World from $28.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.63.

Camping World Stock Up 3.9 %

Camping World stock opened at $13.45 on Friday. The firm has a market capitalization of $1.37 billion, a P/E ratio of -19.49, a P/E/G ratio of 0.92 and a beta of 2.32. The company has a 50-day simple moving average of $16.20 and a 200-day simple moving average of $20.44. Camping World Holdings, Inc. has a one year low of $11.17 and a one year high of $25.97. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.

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

Camping World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.72%. The ex-dividend date was Friday, March 14th. Camping World’s payout ratio is currently -65.79%.

Insiders Place Their Bets

In other Camping World news, President Matthew D. Wagner purchased 5,725 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, with a total value of $100,817.25. Following the completion of the acquisition, the president now owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. This trade represents a 1.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 35.60% of the stock is currently owned by insiders.

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.