Advisors Asset Management Inc. Decreases Stake in Camping World $CWH

Key Points

• Advisors Asset Management Inc. reduced its holdings in Camping World by 40.7%, now owning 25,333 shares valued at $409,000 after selling 17,381 shares.
• Camping World announced a quarterly dividend of $0.125 per share, which translates to an annualized yield of 3.0%.
• Research firms generally maintain positive outlooks for Camping World, with an average price target of $21.78 and multiple analysts recommending a "buy" rating.

Advisors Asset Management Inc. trimmed its position in shares of Camping World (NYSE:CWH - Free Report) by 40.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,333 shares of the company's stock after selling 17,381 shares during the period. Advisors Asset Management Inc.'s holdings in Camping World were worth $409,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vident Advisory LLC bought a new position in Camping World during the 1st quarter valued at about $218,000. Magnetar Financial LLC bought a new position in Camping World in the 1st quarter worth about $179,000. Canada Pension Plan Investment Board bought a new position in Camping World in the 1st quarter worth about $2,046,000. Trexquant Investment LP bought a new position in Camping World in the 1st quarter worth about $1,730,000. Finally, Rafferty Asset Management LLC grew its stake in Camping World by 9.3% in the 1st quarter. Rafferty Asset Management LLC now owns 18,779 shares of the company's stock worth $303,000 after acquiring an additional 1,593 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors.

Camping World Stock Down 4.9%

Shares of CWH traded down $0.86 during mid-day trading on Friday, hitting $16.66. The company's stock had a trading volume of 1,914,557 shares, compared to its average volume of 1,704,972. The company's 50-day moving average is $17.11 and its 200-day moving average is $16.45. Camping World has a 52-week low of $11.17 and a 52-week high of $25.97. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -83.29 and a beta of 1.92. 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 posted its 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 net margin of 0.13% and a negative return on equity of 2.81%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the company earned $0.38 EPS. The company's revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. Camping World's dividend payout ratio is presently -250.00%.

Wall Street Analyst Weigh In

CWH has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Raymond James Financial dropped their target price 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. Citigroup restated a "buy" rating and issued a $23.00 target price (up from $21.00) on shares of Camping World in a research note on Monday, June 16th. 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 report on Tuesday, June 3rd. Finally, KeyCorp upped their price target on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.78.

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.