Deutsche Bank AG Acquires 116,292 Shares of Camping World $CWH

Key Points

• Deutsche Bank AG increased its stake in Camping World by **24.4%**, acquiring an additional **116,292 shares**, bringing its total ownership to **593,059 shares** valued at about **$9.58 million**.
• A variety of hedge funds have also significantly increased their investments in Camping World, with GAMMA Investing LLC hiking its position by a staggering **6,485.8%** in the first quarter.
• Wall Street analysts have varying outlooks on Camping World, with a consensus rating of "**Moderate Buy**" and a consensus price target of **$21.78**, despite some analysts lowering their price targets recently.

Deutsche Bank AG raised its holdings in Camping World (NYSE:CWH - Free Report) by 24.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 593,059 shares of the company's stock after buying an additional 116,292 shares during the quarter. Deutsche Bank AG owned 0.58% of Camping World worth $9,584,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in shares of Camping World during the first quarter valued at approximately $44,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Camping World during the fourth quarter valued at approximately $63,000. US Bancorp DE bought a new stake in shares of Camping World during the first quarter valued at approximately $72,000. Sandia Investment Management LP bought a new stake in shares of Camping World during the fourth quarter valued at approximately $105,000. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock valued at $117,000 after acquiring an additional 1,390 shares in the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CWH has been the subject of several recent research reports. KeyCorp upped their price target on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Raymond James Financial dropped their price target on Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised Camping World from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $23.00 to $21.00 in a research report on Thursday, May 1st. Truist Financial upped their price target on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Robert W. Baird dropped their price target on Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.78.

Camping World Stock Up 1.8%

Shares of CWH traded up $0.31 on Tuesday, reaching $17.35. The stock had a trading volume of 587,489 shares, compared to its average volume of 2,234,187. The company has a 50-day simple moving average of $17.44 and a 200-day simple moving average of $17.06. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -86.72 and a beta of 1.76. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 0.13% and a negative return on equity of 2.81%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. Sell-side analysts predict that Camping World will post -0.66 EPS for the current year.

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.