Bank of America Corp DE Reduces Holdings in Camping World Holdings, Inc. (NYSE:CWH)

Bank of America Corp DE lowered its position in Camping World Holdings, Inc. (NYSE:CWH - Free Report) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,178,431 shares of the company's stock after selling 155,968 shares during the quarter. Bank of America Corp DE owned 1.39% of Camping World worth $24,841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWH. BNP Paribas Financial Markets lifted its stake in shares of Camping World by 58.9% in the fourth quarter. BNP Paribas Financial Markets now owns 203,586 shares of the company's stock worth $4,292,000 after acquiring an additional 75,438 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Camping World by 84.8% during the 4th quarter. Ameriprise Financial Inc. now owns 16,283 shares of the company's stock worth $343,000 after purchasing an additional 7,473 shares during the last quarter. Algert Global LLC acquired a new position in shares of Camping World in the 4th quarter valued at approximately $1,945,000. Alyeska Investment Group L.P. purchased a new position in shares of Camping World during the 4th quarter valued at approximately $33,698,000. Finally, Ararat Capital Management LP grew its position in shares of Camping World by 49.5% during the fourth quarter. Ararat Capital Management LP now owns 865,821 shares of the company's stock worth $18,252,000 after buying an additional 286,860 shares in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CWH shares. Monness Crespi & Hardt reduced their price objective 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, May 1st. Robert W. Baird reduced their price target 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, May 1st. Truist Financial lowered their price objective on Camping World from $28.00 to $16.00 and set a "buy" rating for the company in a report on Monday, April 14th. KeyCorp cut their price objective on Camping World from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. upgraded Camping World from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $23.00 to $21.00 in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.56.

Camping World Stock Up 4.6%

Shares of Camping World stock opened at $16.76 on Monday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -24.29, a PEG ratio of 0.92 and a beta of 2.13. Camping World Holdings, Inc. has a twelve month low of $11.17 and a twelve month high of $25.97. 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 business's 50 day simple moving average is $14.67 and its 200-day simple moving average is $19.56.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.23) by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The firm's 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. Equities research analysts forecast that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.125 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.50 annualized dividend and a yield of 2.98%. Camping World's dividend payout ratio is presently -108.70%.

Insider Buying and Selling at Camping World

In other Camping World news, President Matthew D. Wagner bought 5,725 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $17.61 per share, with a total value of $100,817.25. Following the purchase, the president now directly owns 300,640 shares of the company's stock, valued at approximately $5,294,270.40. The trade was a 1.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 35.60% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding CWH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camping World Holdings, Inc. (NYSE:CWH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.