Alyeska Investment Group L.P. Decreases 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. cut its stake in Camping World (NYSE:CWH - Free Report) by 39.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Camping World by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock worth $97,521,000 after acquiring an additional 247,134 shares during the last quarter. Interval Partners LP grew its holdings in shares of Camping World by 71.8% during the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company's stock valued at $60,623,000 after buying an additional 1,202,258 shares during the last quarter. SG Capital Management LLC bought a new stake in shares of Camping World during the fourth quarter valued at approximately $19,732,000. Dimensional Fund Advisors LP raised its holdings in Camping World by 17.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 895,931 shares of the company's stock worth $18,886,000 after acquiring an additional 133,304 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Camping World by 24.4% during the 1st quarter. Deutsche Bank AG now owns 593,059 shares of the company's stock valued at $9,584,000 after purchasing an additional 116,292 shares during the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CWH. Citigroup restated a "buy" rating and issued a $23.00 price target (up previously from $21.00) on shares of Camping World in a research note on Monday, June 16th. Zacks Research upgraded Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday. KeyCorp boosted their price target on Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Raymond James Financial lowered their price objective on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Finally, Truist Financial lifted 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Camping World has a consensus rating of "Moderate Buy" and an average price target of $21.78.

Camping World Price Performance

Shares of NYSE:CWH traded up $0.06 during midday trading on Tuesday, reaching $17.83. 2,731,588 shares of the company were exchanged, compared to its average volume of 2,198,289. The stock has a market cap of $1.82 billion, a PE ratio of -89.15 and a beta of 1.92. The business's fifty day moving average is $17.22 and its two-hundred day moving average is $16.52. Camping World has a one year low of $11.17 and a one year high of $25.97. 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 announced its quarterly 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). The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.87 billion. Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, analysts predict that Camping World 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 Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's dividend payout ratio is -250.00%.

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.