Camping World $CWH Stock Holdings Decreased by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Camping World stake by 86.5% in the second quarter, selling 347,828 shares and retaining 54,118 shares worth approximately $413,000.
• Institutional ownership remains significant at 52.54%, with several investors—including Walleye Capital, Eminence Capital and Capital Research Global Investors—increasing their positions.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $11.57, despite Camping World shares opening at $5.20 and the company reporting a 2.1% year-over-year revenue decline in its latest quarter.

Engineers Gate Manager LP lessened its holdings in shares of Camping World (NYSE:CWH - Free Report) by 86.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,118 shares of the company's stock after selling 347,828 shares during the quarter. Engineers Gate Manager LP owned about 0.05% of Camping World worth $413,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CWH. Walleye Capital LLC increased its stake in Camping World by 995.1% in the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company's stock worth $3,058,000 after acquiring an additional 406,852 shares during the last quarter. KBC Group NV bought a new position in shares of Camping World during the 1st quarter valued at approximately $2,003,000. Eminence Capital LP boosted its position in shares of Camping World by 45.8% during the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company's stock valued at $56,238,000 after acquiring an additional 1,815,042 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Camping World by 12.8% in the fourth quarter. Capital Research Global Investors now owns 4,191,781 shares of the company's stock valued at $40,786,000 after purchasing an additional 476,135 shares in the last quarter. Finally, RBF Capital LLC increased its position in Camping World by 68.1% in the fourth quarter. RBF Capital LLC now owns 440,078 shares of the company's stock worth $4,282,000 after purchasing an additional 178,253 shares during the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Camping World from $14.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, September 10th. Roth Capital set a $12.00 target price on shares of Camping World in a report on Monday, August 3rd. KeyCorp decreased their target price on shares of Camping World from $12.00 to $9.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Weiss Ratings raised shares of Camping World from a "sell (e+)" rating to a "sell (d)" rating in a report on Monday, August 3rd. Finally, Raymond James Financial set a $8.25 price target on shares of Camping World in a report on Friday, July 31st. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Camping World has a consensus rating of "Moderate Buy" and an average price target of $11.57.

Camping World Price Performance

Camping World stock opened at $5.20 on Friday. Camping World has a 12-month low of $4.93 and a 12-month high of $17.15. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The firm has a 50-day moving average price of $6.23 and a 200-day moving average price of $6.76. The firm has a market capitalization of $537.21 million, a PE ratio of -3.36 and a beta of 2.07.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. As a group, equities research analysts forecast that Camping World will post 0.09 EPS for the current year.

Camping World Company Profile

Camping World Holdings, Inc is a specialty retailer and service provider focused on the recreational vehicle (RV) industry. Through its Camping World dealership network, the company sells new and used motorhomes, travel trailers, fifth-wheel trailers and other RVs. It also provides financing and insurance-related products, subject to applicable regulations and third-party arrangements.

The company operates RV parts and accessories retail businesses and provides maintenance, repair, collision and other service offerings through locations across the United States.

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