Algert Global LLC Purchases 62,560 Shares of Camping World $CWH

Key Points

• Algert Global LLC increased its stake in Camping World (CWH) by 67.8% during Q1, owning about 0.15% of the company worth $2.50 million.
• Analysts have varied opinions on Camping World's stock, with Raymond James lowering its target from $20.00 to $18.00, while KeyCorp increased its target from $18.00 to $21.00.
• Camping World reported $1.98 billion in quarterly revenue, exceeding estimates, but missed earnings per share projections with a negative net margin of 0.13%.

Algert Global LLC grew its stake in shares of Camping World (NYSE:CWH - Free Report) by 67.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 154,840 shares of the company's stock after purchasing an additional 62,560 shares during the period. Algert Global LLC owned about 0.15% of Camping World worth $2,502,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Camping World by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock worth $97,521,000 after purchasing an additional 247,134 shares in the last quarter. Eminence Capital LP increased its holdings in Camping World by 6.9% during the 4th quarter. Eminence Capital LP now owns 4,110,205 shares of the company's stock worth $86,643,000 after purchasing an additional 264,935 shares in the last quarter. Hood River Capital Management LLC bought a new stake in Camping World during the 4th quarter worth approximately $62,142,000. Interval Partners LP increased its holdings in Camping World by 71.8% during the 4th quarter. Interval Partners LP now owns 2,875,845 shares of the company's stock worth $60,623,000 after purchasing an additional 1,202,258 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Camping World during the 4th quarter worth approximately $33,698,000. 52.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CWH shares. KeyCorp boosted their price objective on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. raised Camping World from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. Raymond James Financial decreased their price objective on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Citigroup restated a "buy" rating and issued a $23.00 target price (up previously from $21.00) on shares of Camping World in a research note on Monday, June 16th. Finally, Monness Crespi & Hardt reduced their target price on Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.78.

Camping World Stock Performance

NYSE CWH traded down $0.14 on Tuesday, hitting $17.53. 1,346,986 shares of the stock traded hands, compared to its average volume of 2,700,268. The business's fifty day moving average is $17.29 and its two-hundred day moving average is $16.87. Camping World has a 12 month low of $11.17 and a 12 month high of $25.97. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -87.62 and a beta of 1.76. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company posted $0.38 earnings per share. Camping World's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Camping World will post -0.66 EPS for the current fiscal year.

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.