Fox Run Management L.L.C. Sells 48,792 Shares of Camping World $CWH

Key Points

• Fox Run Management L.L.C. reduced its stake in Camping World (CWH) by 64.7%, owning 26,665 shares after selling 48,792 shares, valued at $431,000.
• Multiple institutional investors, including Wells Fargo and Invesco, have increased their holdings in Camping World in recent months, indicating renewed interest in the stock.
• Camping World's latest earnings report showed a revenue increase of 9.4% year-over-year, though it missed EPS estimates, reporting $0.57 against an expected $0.58.

Fox Run Management L.L.C. trimmed its holdings in Camping World (NYSE:CWH - Free Report) by 64.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,665 shares of the company's stock after selling 48,792 shares during the quarter. Fox Run Management L.L.C.'s holdings in Camping World were worth $431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CWH. Hood River Capital Management LLC bought a new position in Camping World in the 4th quarter worth approximately $62,142,000. Alyeska Investment Group L.P. bought a new position in Camping World in the 4th quarter worth approximately $33,698,000. Interval Partners LP boosted its position in shares of Camping World by 71.8% during the 4th quarter. Interval Partners LP now owns 2,875,845 shares of the company's stock valued at $60,623,000 after acquiring an additional 1,202,258 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Camping World by 39.8% during the 4th quarter. Capital Research Global Investors now owns 3,422,710 shares of the company's stock valued at $72,151,000 after acquiring an additional 975,168 shares during the last quarter. Finally, SG Capital Management LLC bought a new position in shares of Camping World during the 4th quarter valued at approximately $19,732,000. 52.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CWH shares. Truist Financial increased their target price on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Raymond James Financial lowered their target price on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Monness Crespi & Hardt lowered their target price on Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Robert W. Baird decreased their price target on Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Citigroup restated a "buy" rating and set a $23.00 price target (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.78.

Camping World Stock Down 2.1%

Shares of Camping World stock traded down $0.3590 during trading on Thursday, hitting $16.9210. 2,016,528 shares of the stock traded hands, compared to its average volume of 2,619,133. The firm has a market cap of $1.73 billion, a P/E ratio of -84.60 and a beta of 1.76. 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 has a 52-week low of $11.17 and a 52-week high of $25.97. The stock's fifty day simple moving average is $17.34 and its 200 day simple moving average is $17.02.

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 firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

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.