1060 Capital LLC bought a new position in shares of Camping World (NYSE:CWH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 360,000 shares of the company's stock, valued at approximately $5,818,000. Camping World makes up approximately 13.2% of 1060 Capital LLC's portfolio, making the stock its 4th largest position. 1060 Capital LLC owned about 0.35% of Camping World as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Voleon Capital Management LP raised its holdings in Camping World by 76.9% during the first quarter. Voleon Capital Management LP now owns 53,074 shares of the company's stock worth $858,000 after acquiring an additional 23,071 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Camping World by 66.2% during the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company's stock worth $14,372,000 after acquiring an additional 354,333 shares in the last quarter. Petrus Trust Company LTA bought a new stake in Camping World during the first quarter worth about $360,000. Pingora Partners LLC raised its holdings in Camping World by 114.1% during the first quarter. Pingora Partners LLC now owns 32,550 shares of the company's stock worth $526,000 after acquiring an additional 17,350 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Camping World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company's stock valued at $539,000 after buying an additional 1,401 shares during the period. Institutional investors own 52.54% of the company's stock.
Analyst Upgrades and Downgrades
CWH has been the subject of several research analyst reports. Citigroup reiterated a "buy" rating and set a $23.00 target price (up from $21.00) on shares of Camping World in a research note on Monday, June 16th. Truist Financial lifted their target price on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Raymond James Financial reduced their target price on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. KeyCorp lifted their target price on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Zacks Research upgraded Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Camping World presently has a consensus rating of "Moderate Buy" and an average target price of $21.78.
Check Out Our Latest Report on CWH
Camping World Stock Performance
Shares of Camping World stock traded up $0.67 on Thursday, hitting $17.53. The stock had a trading volume of 2,019,795 shares, compared to its average volume of 1,686,871. Camping World has a twelve month low of $11.17 and a twelve month high of $25.97. The business's 50 day moving average is $17.15 and its two-hundred day moving average is $16.51. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -87.65 and a beta of 1.92.
Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company posted $0.38 EPS. Camping World's revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts forecast that Camping World will post -0.66 EPS for the current year.
Camping World Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. Camping World's dividend payout ratio is currently -250.00%.
About Camping World
(
Free Report)
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.
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