Canada Pension Plan Investment Board Invests $2.05 Million in Camping World $CWH

Key Points

• The Canada Pension Plan Investment Board acquired 126,600 shares of Camping World, totaling approximately $2,046,000, representing 0.12% of the company's stock.
• Several hedge funds have significantly increased their stakes in Camping World, with GAMMA Investing LLC raising its position by 6,485.8% and Jump Financial LLC increasing by 210.1% in the latest quarter.
• Camping World has a current consensus rating of "Moderate Buy" from analysts, with a price target averaging $21.78 after various upgrades from multiple research firms.

Canada Pension Plan Investment Board purchased a new position in Camping World (NYSE:CWH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 126,600 shares of the company's stock, valued at approximately $2,046,000. Canada Pension Plan Investment Board owned 0.12% of Camping World as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CWH. Byrne Asset Management LLC acquired a new position in shares of Camping World in the 1st quarter valued at approximately $44,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Camping World during the fourth quarter worth approximately $63,000. US Bancorp DE bought a new stake in shares of Camping World in the first quarter worth $72,000. Sandia Investment Management LP acquired a new stake in Camping World in the fourth quarter valued at $105,000. Finally, CWM LLC raised its holdings in Camping World by 1,060.1% in the first quarter. CWM LLC now owns 7,645 shares of the company's stock valued at $124,000 after acquiring an additional 6,986 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CWH. Citigroup restated a "buy" rating and issued a $23.00 target price (up previously from $21.00) on shares of Camping World in a research note on Monday, June 16th. Truist Financial upped their price objective on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. KeyCorp increased their target price on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Zacks Research upgraded Camping World from a "strong sell" rating to a "hold" rating in a research report on Friday, September 5th. Finally, Raymond James Financial lowered their price target on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $21.78.

Camping World Stock Performance

CWH stock traded down $0.99 during mid-day trading on Wednesday, reaching $16.86. The company had a trading volume of 2,420,720 shares, compared to its average volume of 1,736,273. Camping World has a one year low of $11.17 and a one year high of $25.97. The stock has a market capitalization of $1.72 billion, a P/E ratio of -84.29 and a beta of 1.92. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12. The stock's 50-day simple moving average is $17.17 and its two-hundred day simple moving average is $16.53.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $0.38 EPS. The firm's revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.50 annualized dividend and a dividend yield of 3.0%. Camping World's dividend payout ratio is presently -250.00%.

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.