Freestone Grove Partners LP Acquires New Stake in Camping World Holdings, Inc. (NYSE:CWH)

Freestone Grove Partners LP bought a new stake in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,221 shares of the company's stock, valued at approximately $468,000.

Other institutional investors have also recently made changes to their positions in the company. Camelot Portfolios LLC grew its stake in shares of Camping World by 3.7% during the fourth quarter. Camelot Portfolios LLC now owns 14,100 shares of the company's stock valued at $297,000 after buying an additional 500 shares during the last quarter. Blue Trust Inc. increased its stake in Camping World by 195.0% in the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock worth $32,000 after purchasing an additional 1,014 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock worth $117,000 after purchasing an additional 1,390 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of Camping World by 17.8% during the fourth quarter. XTX Topco Ltd now owns 16,373 shares of the company's stock valued at $345,000 after purchasing an additional 2,470 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Camping World by 19.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 18,944 shares of the company's stock worth $399,000 after buying an additional 3,095 shares during the period. Institutional investors own 52.54% of the company's stock.

Insider Activity at Camping World

In related news, President Matthew D. Wagner bought 5,725 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $17.61 per share, with a total value of $100,817.25. Following the completion of the purchase, the president now directly owns 300,640 shares in the company, valued at $5,294,270.40. This represents a 1.94 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 35.60% of the stock is currently owned by insiders.

Camping World Price Performance

NYSE:CWH traded up $0.13 during trading hours on Friday, reaching $14.60. 1,602,871 shares of the company were exchanged, compared to its average volume of 1,446,880. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The firm has a market cap of $1.49 billion, a PE ratio of -21.16, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13. Camping World Holdings, Inc. has a twelve month low of $11.17 and a twelve month high of $25.97. The stock's 50-day moving average is $14.82 and its 200-day moving average is $19.80.

Camping World (NYSE:CWH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.07. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the company posted ($0.40) EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, March 14th. Camping World's payout ratio is presently -108.70%.

Wall Street Analysts Forecast Growth

CWH has been the topic of a number of research reports. KeyCorp reduced their target price on shares of Camping World from $22.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Robert W. Baird reduced their price objective on Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Truist Financial dropped their price target on Camping World from $28.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. upgraded Camping World from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $23.00 to $21.00 in a report on Thursday, May 1st. Finally, Monness Crespi & Hardt lowered their price objective on shares of Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.63.

Camping World 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.