Invesco Ltd. Reduces Holdings in Camping World $CWH

Key Points

• Invesco Ltd. reduced its stake in Camping World by 11.7%, holding 138,340 shares valued at approximately $2.24 million after selling 18,297 shares.
• Several institutional investors have recently modified their holdings in Camping World, with significant stakes acquired by firms like Byrne Asset Management and CWM LLC.
• Camping World reported earnings of $0.57 EPS, missing estimates by $0.01, while revenue increased by 9.4% year-over-year to $1.98 billion.

Invesco Ltd. reduced its position in Camping World (NYSE:CWH - Free Report) by 11.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,340 shares of the company's stock after selling 18,297 shares during the quarter. Invesco Ltd. owned 0.14% of Camping World worth $2,236,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CWH. Vanguard Group Inc. raised its holdings in shares of Camping World by 4.3% in the first 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 during the period. Eminence Capital LP grew its position in Camping World by 6.9% in the 4th quarter. Eminence Capital LP now owns 4,110,205 shares of the company's stock valued at $86,643,000 after acquiring an additional 264,935 shares during the last quarter. Interval Partners LP grew its position in Camping World by 71.8% in the 4th quarter. Interval Partners LP now owns 2,875,845 shares of the company's stock valued at $60,623,000 after acquiring an additional 1,202,258 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Camping World in the fourth quarter worth $33,698,000. Finally, SG Capital Management LLC bought a new stake in shares of Camping World during the fourth quarter worth $19,732,000. Hedge funds and other institutional investors own 52.54% of the company's stock.

Camping World Stock Up 0.8%

Shares of Camping World stock traded up $0.14 on Wednesday, reaching $17.38. The stock had a trading volume of 603,893 shares, compared to its average volume of 2,203,521. 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 has a market capitalization of $1.77 billion, a P/E ratio of -86.71 and a beta of 1.92. The company has a 50 day moving average price of $17.24 and a 200 day moving average price of $16.67. Camping World has a 1 year low of $11.17 and a 1 year high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the company earned $0.38 EPS. The company's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Camping World will post -0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CWH shares. Truist Financial upped their price target on shares of Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. KeyCorp upped their target price on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Raymond James Financial reduced their target price on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Finally, Citigroup reiterated a "buy" rating and issued a $23.00 price target (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Eight investment 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, Camping World presently has a consensus rating of "Moderate Buy" and an average price target of $21.78.

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.