Econ Financial Services Corp Grows Position in Camping World (NYSE:CWH)

Econ Financial Services Corp lifted its stake in shares of Camping World (NYSE:CWH - Free Report) by 87.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,957 shares of the company's stock after buying an additional 44,179 shares during the quarter. Econ Financial Services Corp owned approximately 0.09% of Camping World worth $1,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cinctive Capital Management LP boosted its holdings in Camping World by 117.2% in the fourth quarter. Cinctive Capital Management LP now owns 125,031 shares of the company's stock valued at $2,636,000 after purchasing an additional 67,459 shares in the last quarter. Vanguard Group Inc. lifted its stake in Camping World by 39.2% in the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock valued at $122,003,000 after buying an additional 1,630,307 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Camping World in the fourth quarter valued at approximately $1,465,000. Charles Schwab Investment Management Inc. lifted its stake in Camping World by 26.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 827,823 shares of the company's stock valued at $17,451,000 after buying an additional 175,554 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Camping World by 6,485.8% in the first quarter. GAMMA Investing LLC now owns 15,740 shares of the company's stock valued at $254,000 after buying an additional 15,501 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Price Performance

Camping World stock traded up $0.52 during trading hours on Friday, hitting $18.42. The stock had a trading volume of 2,859,427 shares, compared to its average volume of 1,708,035. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.26 and a quick ratio of 0.19. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -40.03 and a beta of 1.88. Camping World has a 1-year low of $11.17 and a 1-year high of $25.97. The stock's fifty day moving average is $16.22 and its two-hundred day moving average is $18.31.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.07. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. Camping World's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.40) earnings per share. As a group, analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, June 13th. Camping World's payout ratio is currently -108.70%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CWH. Truist Financial upped their price target on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Monness Crespi & Hardt cut their price target on Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Robert W. Baird cut their price target on Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Baird R W cut Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. upgraded Camping World from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $23.00 to $21.00 in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.44.

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.