Camping World $CWH Shares Acquired by Algert Global LLC

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

Other large investors have also modified their holdings of the company. Byrne Asset Management LLC acquired a new stake in shares of Camping World in the first quarter valued at about $44,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Camping World in the 4th quarter worth approximately $63,000. US Bancorp DE acquired a new position in shares of Camping World in the 1st quarter worth approximately $72,000. Sandia Investment Management LP acquired a new position in shares of Camping World in the 4th quarter worth approximately $105,000. Finally, Summit Investment Advisors Inc. grew its position in shares of Camping World by 33.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock worth $117,000 after acquiring an additional 1,390 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company's stock.

Camping World Price Performance

Shares of CWH traded up $0.0250 during midday trading on Monday, reaching $17.5950. The stock had a trading volume of 600,014 shares, compared to its average volume of 2,224,163. Camping World has a 52 week low of $11.17 and a 52 week high of $25.97. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24. The firm's 50 day moving average price is $17.33 and its 200-day moving average price is $16.90. The company has a market capitalization of $1.80 billion, a P/E ratio of -88.20 and a beta of 1.76.

Camping World (NYSE:CWH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm posted $0.38 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that Camping World will post -0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWH has been the subject of several research reports. Raymond James Financial decreased their target price on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Robert W. Baird decreased their target price on Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. KeyCorp lifted their target price on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. 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 report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. raised Camping World from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.78.

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.