Bank of America Corp DE Sells 155,968 Shares of Camping World Holdings, Inc. (NYSE:CWH)

Bank of America Corp DE decreased its holdings in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,178,431 shares of the company's stock after selling 155,968 shares during the quarter. Bank of America Corp DE owned approximately 1.39% of Camping World worth $24,841,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cinctive Capital Management LP lifted its holdings in shares of Camping World by 117.2% during the fourth quarter. Cinctive Capital Management LP now owns 125,031 shares of the company's stock worth $2,636,000 after buying an additional 67,459 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Camping World by 39.2% during the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock worth $122,003,000 after buying an additional 1,630,307 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Camping World during the fourth quarter worth $1,465,000. Barclays PLC lifted its holdings in shares of Camping World by 96.9% during the third quarter. Barclays PLC now owns 317,052 shares of the company's stock worth $7,678,000 after buying an additional 156,055 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Camping World by 26.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 827,823 shares of the company's stock worth $17,451,000 after buying an additional 175,554 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company's stock.

Insider Activity

In other news, President Matthew D. Wagner acquired 5,725 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the acquisition, the president now directly owns 300,640 shares in the company, valued at $5,294,270.40. The trade was a 1.94% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 35.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CWH shares. Truist Financial decreased their price target on Camping World from $28.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. upgraded Camping World from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $23.00 to $21.00 in a research report on Thursday, May 1st. Monness Crespi & Hardt decreased their target price on Camping World from $30.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Citigroup lifted their target price on Camping World from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, KeyCorp lifted their target price on Camping World from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.78.

Camping World Trading Up 1.8%

Shares of Camping World stock traded up $0.29 during midday trading on Friday, reaching $16.14. The company had a trading volume of 2,756,048 shares, compared to its average volume of 1,546,831. The stock has a fifty day moving average price of $14.63 and a 200 day moving average price of $19.39. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The firm has a market cap of $1.65 billion, a PE ratio of -23.39, a P/E/G ratio of 0.92 and a beta of 2.13. Camping World Holdings, Inc. has a fifty-two week low of $11.17 and a fifty-two week high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.07. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm earned ($0.40) earnings per share. The company's revenue was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 3.10%. Camping World's dividend payout ratio is -108.70%.

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.