Camping World $CWH Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its position in Camping World, owning approximately 217,090 shares worth about $3.51 million after a 210.1% increase in the first quarter.
• Camping World has seen various institutional investors acquire stakes in the company, with institutional ownership currently at 52.54%.
• Analysts have mixed ratings with a consensus target price of $21.78, reflecting a range of price adjustments among several investment firms.

Jump Financial LLC lifted its position in shares of Camping World (NYSE:CWH - Free Report) by 210.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,090 shares of the company's stock after acquiring an additional 147,075 shares during the period. Jump Financial LLC owned approximately 0.21% of Camping World worth $3,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Byrne Asset Management LLC bought a new position in Camping World in the 1st quarter worth $44,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Camping World during the 4th quarter valued at about $63,000. US Bancorp DE purchased a new stake in shares of Camping World during the 1st quarter valued at about $72,000. Sandia Investment Management LP purchased a new stake in shares of Camping World during the 4th quarter valued at about $105,000. Finally, CWM LLC raised its position in Camping World by 1,060.1% in the 1st quarter. CWM LLC now owns 7,645 shares of the company's stock worth $124,000 after purchasing an additional 6,986 shares during the period. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird dropped their target price on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Raymond James Financial lowered their price objective on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised shares of Camping World from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. KeyCorp lifted their price objective on shares of Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Citigroup reissued a "buy" rating and set a $23.00 target price (up previously from $21.00) on shares of Camping World in a research note on Monday, June 16th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Camping World has an average rating of "Moderate Buy" and a consensus target price of $21.78.

Camping World Stock Down 1.4%

Shares of NYSE CWH traded down $0.25 during mid-day trading on Thursday, reaching $17.46. The company had a trading volume of 1,966,568 shares, compared to its average volume of 2,339,897. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12. The firm has a 50 day simple moving average of $17.28 and a two-hundred day simple moving average of $16.84. The stock has a market cap of $1.78 billion, a P/E ratio of -87.30 and a beta of 1.76. Camping World has a 52-week low of $11.17 and a 52-week high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts predict that Camping World will post -0.66 earnings per share for the current year.

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.