Camping World (NYSE:CWH) Shares Sold by Burkehill Global Management LP

Key Points

• Burkehill Global Management LP reduced its stake in Camping World by 33.3% in the first quarter, resulting in ownership of 500,000 shares valued at approximately $8.08 million.
• Analysts have given Camping World a consensus rating of "Moderate Buy" with a target price averaging $21.44, reflecting an optimistic outlook despite recent mixed earnings results.
• Camping World declared a quarterly dividend of $0.125, equivalent to an annual yield of 3.4%, though it carries a -250% dividend payout ratio.

Burkehill Global Management LP cut its position in Camping World (NYSE:CWH - Free Report) by 33.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500,000 shares of the company's stock after selling 250,000 shares during the period. Burkehill Global Management LP owned 0.49% of Camping World worth $8,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CWH. GAMMA Investing LLC grew its position in shares of Camping World by 6,485.8% in the 1st quarter. GAMMA Investing LLC now owns 15,740 shares of the company's stock valued at $254,000 after buying an additional 15,501 shares during the last quarter. Interval Partners LP grew its position 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 during the last quarter. Russell Investments Group Ltd. grew its position in Camping World by 85.1% during the 4th quarter. Russell Investments Group Ltd. now owns 85,683 shares of the company's stock worth $1,806,000 after purchasing an additional 39,383 shares during the last quarter. Crestline Management LP purchased a new position in Camping World during the 4th quarter worth $1,244,000. Finally, Ararat Capital Management LP grew its position in Camping World by 49.5% during the 4th quarter. Ararat Capital Management LP now owns 865,821 shares of the company's stock worth $18,252,000 after purchasing an additional 286,860 shares during the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Price Performance

Shares of NYSE CWH traded up $0.34 during midday trading on Wednesday, hitting $16.92. The company had a trading volume of 212,325 shares, compared to its average volume of 2,233,777. 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 business has a 50-day simple moving average of $17.48 and a two-hundred day simple moving average of $17.26. Camping World has a twelve month low of $11.17 and a twelve month high of $25.97. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -84.46 and a beta of 1.76.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The business's quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Camping World will post -0.66 earnings per share for the current year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, June 13th. Camping World's payout ratio is -250.00%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Robert W. Baird reduced their target price on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. KeyCorp restated an "overweight" rating and issued a $18.00 target price (up previously from $16.00) on shares of Camping World in a research note on Friday, May 23rd. Monness Crespi & Hardt reduced their target price on shares of Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Raymond James Financial reduced their target price on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, 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. Three investment 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 presently has a consensus rating of "Moderate Buy" and an average price target of $21.44.

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.