Fox Run Management L.L.C. Lowers Stock Holdings in 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. lowered its position in Camping World (NYSE:CWH - Free Report) by 64.7% during the first quarter, according to the company in its most recent 13F 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 period. 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 have also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in Camping World during the first quarter worth $2,873,000. Aigen Investment Management LP acquired a new position in shares of Camping World during the 1st quarter worth $206,000. Deutsche Bank AG boosted its position in shares of Camping World by 24.4% in the 1st quarter. Deutsche Bank AG now owns 593,059 shares of the company's stock worth $9,584,000 after buying an additional 116,292 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Camping World by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock worth $97,521,000 after buying an additional 247,134 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in Camping World in the 1st quarter valued at about $72,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Robert W. Baird cut 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 report on Thursday, May 1st. JPMorgan Chase & Co. raised shares of Camping World from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $23.00 to $21.00 in a research note on Thursday, May 1st. KeyCorp upped their target price on Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Citigroup reiterated a "buy" rating and set a $23.00 target price (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Finally, Raymond James Financial dropped their price target 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. 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, Camping World currently has an average rating of "Moderate Buy" and an average price target of $21.78.

Camping World Price Performance

Camping World stock traded up $0.6030 during mid-day trading on Friday, hitting $17.5530. 2,527,706 shares of the company were exchanged, compared to its average volume of 2,718,612. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24. The business's 50 day simple moving average is $17.33 and its two-hundred day simple moving average is $16.90. The company has a market capitalization of $1.79 billion, a P/E ratio of -87.76 and a beta of 1.76. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.98 billion for 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 business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. Analysts forecast 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.