Eminence Capital LP Raises Stake in Camping World Holdings, Inc. (NYSE:CWH)

Eminence Capital LP boosted its holdings in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,110,205 shares of the company's stock after purchasing an additional 264,935 shares during the period. Eminence Capital LP owned about 4.84% of Camping World worth $86,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWH. Vanguard Group Inc. raised its position in shares of Camping World by 39.2% in the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock worth $122,003,000 after acquiring an additional 1,630,307 shares during the period. Capital Research Global Investors raised its position in shares of Camping World by 39.8% in the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company's stock worth $72,151,000 after acquiring an additional 975,168 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Camping World in the fourth quarter worth about $62,142,000. Alyeska Investment Group L.P. acquired a new position in shares of Camping World in the fourth quarter worth about $33,698,000. Finally, Geode Capital Management LLC raised its position in shares of Camping World by 31.4% in the fourth quarter. Geode Capital Management LLC now owns 1,285,271 shares of the company's stock worth $27,100,000 after acquiring an additional 306,941 shares during the period. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Trading Up 14.0%

Shares of CWH stock traded up $2.06 during trading hours on Monday, hitting $16.74. The company had a trading volume of 2,123,152 shares, compared to its average volume of 1,464,328. The company's fifty day moving average is $14.76 and its 200 day moving average is $19.74. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. Camping World Holdings, Inc. has a fifty-two week low of $11.17 and a fifty-two week high of $25.97. The stock has a market capitalization of $1.71 billion, a PE ratio of -24.17, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13.

Camping World (NYSE:CWH - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.23) by $0.07. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.40) EPS. Research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.125 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.99%. Camping World's payout ratio is -108.70%.

Analysts Set New Price Targets

A number of research firms have recently commented on CWH. JPMorgan Chase & Co. raised shares of Camping World from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $23.00 to $21.00 in a research note on Thursday, May 1st. Monness Crespi & Hardt dropped 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. KeyCorp dropped their price objective on shares of Camping World from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Truist Financial dropped their price objective on shares of Camping World from $28.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Baird R W cut shares of Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $21.63.

Insider Activity at Camping World

In related news, President Matthew D. Wagner bought 5,725 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased 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 approximately $5,294,270.40. This represents a 1.94% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 35.60% of the company's stock.

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.