Alyeska Investment Group L.P. Has $15.55 Million Holdings in Camping World $CWH

Key Points

• Alyeska Investment Group L.P. has reduced its position in Camping World by 39.8%, selling 636,119 shares and retaining 0.94% ownership valued at approximately $15.55 million.
• During the last quarter, other institutional investors like Dimensional Fund Advisors and Price T Rowe Associates have increased their holdings, reflecting a mixed sentiment among investors.
• Camping World reported Q2 earnings of $0.57 per share, slightly missing analysts' estimates, but achieving a 9.4% year-over-year revenue increase to $1.98 billion.

Alyeska Investment Group L.P. lessened its holdings in shares of Camping World (NYSE:CWH - Free Report) by 39.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 962,451 shares of the company's stock after selling 636,119 shares during the period. Alyeska Investment Group L.P. owned 0.94% of Camping World worth $15,553,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Camping World by 17.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 895,931 shares of the company's stock valued at $18,886,000 after purchasing an additional 133,304 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Camping World by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,191 shares of the company's stock valued at $658,000 after purchasing an additional 7,811 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Camping World by 19.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 18,944 shares of the company's stock valued at $399,000 after purchasing an additional 3,095 shares during the period. Northern Trust Corp boosted its stake in Camping World by 39.6% during the 4th quarter. Northern Trust Corp now owns 543,709 shares of the company's stock valued at $11,461,000 after purchasing an additional 154,111 shares during the period. Finally, Algert Global LLC acquired a new position in Camping World during the 4th quarter valued at about $1,945,000. Institutional investors own 52.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CWH shares. Zacks Research raised shares of Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. KeyCorp boosted their target price on shares of Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Citigroup reissued a "buy" rating and set a $23.00 target price (up from $21.00) on shares of Camping World in a research note on Monday, June 16th. 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, Truist Financial upped their price target on shares of Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.78.

Camping World Price Performance

CWH stock traded down $0.87 on Wednesday, hitting $16.98. 470,286 shares of the company's stock traded hands, compared to its average volume of 2,190,003. Camping World has a 1-year low of $11.17 and a 1-year high of $25.97. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -84.88 and a beta of 1.92. The stock has a fifty day moving average of $17.21 and a 200-day moving average of $16.53. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12.

Camping World (NYSE:CWH - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.57 EPS 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 business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.50 annualized dividend and a yield of 2.9%. Camping World's dividend payout ratio is currently -250.00%.

Camping World Company 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.