JPMorgan Chase & Co. lessened its position in Camping World (NYSE:CWH - Free Report) by 90.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,843 shares of the company's stock after selling 251,858 shares during the period. JPMorgan Chase & Co.'s holdings in Camping World were worth $424,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Capital Research Global Investors increased its position in Camping World by 15.5% in the 3rd quarter. Capital Research Global Investors now owns 3,715,646 shares of the company's stock valued at $58,670,000 after acquiring an additional 499,999 shares during the period. Royce & Associates LP bought a new position in shares of Camping World during the third quarter valued at $6,663,000. Voya Investment Management LLC increased its holdings in Camping World by 34.1% in the third quarter. Voya Investment Management LLC now owns 911,553 shares of the company's stock valued at $14,393,000 after purchasing an additional 231,834 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Camping World by 42.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 390,853 shares of the company's stock valued at $5,945,000 after purchasing an additional 117,138 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Camping World by 264.6% in the third quarter. SG Americas Securities LLC now owns 55,034 shares of the company's stock valued at $869,000 after purchasing an additional 39,939 shares during the period. 52.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CWH has been the subject of a number of recent research reports. KeyCorp decreased their price objective on Camping World from $18.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Truist Financial decreased their price objective on Camping World from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, April 9th. BMO Capital Markets decreased their price objective on Camping World from $22.00 to $16.00 and set an "outperform" rating for the company in a report on Thursday, February 26th. Wall Street Zen downgraded Camping World from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Finally, Zacks Research downgraded Camping World from a "hold" rating to a "strong sell" rating in a report on Friday, February 27th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Camping World currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.70.
Check Out Our Latest Analysis on Camping World
Camping World Price Performance
Shares of NYSE CWH opened at $7.19 on Wednesday. Camping World has a fifty-two week low of $5.70 and a fifty-two week high of $19.64. The stock has a market cap of $740.50 million, a price-to-earnings ratio of -4.99 and a beta of 2.14. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.23 and a current ratio of 1.20. The firm's 50-day simple moving average is $8.60 and its 200 day simple moving average is $11.11.
Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($0.10). Camping World had a negative net margin of 1.41% and a negative return on equity of 3.29%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business posted ($0.47) EPS. Camping World's revenue was down 2.6% compared to the same quarter last year. As a group, research analysts anticipate that Camping World will post -0.66 earnings per share for the current fiscal year.
Camping World News Summary
Here are the key news stories impacting Camping World this week:
Camping World Profile
(
Free Report)
Camping World Holdings, Inc NYSE: CWH is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.
Beyond RV sales and service, Camping World's offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.
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