Candlestick Capital Management LP Makes New Investment in Camping World Holdings, Inc. (NYSE:CWH)

Candlestick Capital Management LP bought a new position in Camping World Holdings, Inc. (NYSE:CWH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 192,626 shares of the company's stock, valued at approximately $4,061,000. Candlestick Capital Management LP owned about 0.23% of Camping World as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Camelot Portfolios LLC increased its stake in Camping World by 3.7% in the 4th quarter. Camelot Portfolios LLC now owns 14,100 shares of the company's stock worth $297,000 after acquiring an additional 500 shares during the last quarter. Blue Trust Inc. increased its position in shares of 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 last quarter. Summit Investment Advisors Inc. increased its position in shares of Camping World by 33.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock valued at $117,000 after purchasing an additional 1,390 shares during the last quarter. XTX Topco Ltd increased its position in shares of Camping World by 17.8% during the 4th 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 last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Camping World by 19.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 18,944 shares of the company's stock valued at $399,000 after purchasing an additional 3,095 shares during the last quarter. 52.54% of the stock is currently owned by institutional investors.

Camping World Price Performance

Camping World stock traded up $1.25 during mid-day trading on Thursday, hitting $13.31. The stock had a trading volume of 4,964,983 shares, compared to its average volume of 1,395,662. The firm has a market capitalization of $1.36 billion, a P/E ratio of -19.29, a P/E/G ratio of 0.92 and a beta of 2.32. 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's 50 day moving average is $15.56 and its 200 day moving average is $20.19. Camping World Holdings, Inc. has a one year low of $11.17 and a one year high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.07. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) EPS. On average, sell-side analysts forecast that Camping World Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The firm also recently announced 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 3.76%. The ex-dividend date of this dividend was Friday, March 14th. Camping World's dividend payout ratio is -65.79%.

Insider Activity

In other news, President Matthew D. Wagner acquired 5,725 shares of Camping World stock in a transaction that occurred on 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 transaction, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 35.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Baird R W lowered shares of Camping World from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird reduced their target price on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. raised shares of Camping World from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $23.00 to $21.00 in a research report on Thursday. Truist Financial lowered their target price on shares of Camping World from $28.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Monness Crespi & Hardt lowered their target price on shares of Camping World from $30.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.63.

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.