Jump Financial LLC Acquires 147,075 Shares of Camping World $CWH

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 increased its holdings in shares of Camping World (NYSE:CWH - Free Report) by 210.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 217,090 shares of the company's stock after purchasing an additional 147,075 shares during the quarter. Jump Financial LLC owned 0.21% of Camping World worth $3,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Camping World by 4.3% during the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock valued at $97,521,000 after purchasing an additional 247,134 shares in the last quarter. Eminence Capital LP lifted its holdings in shares of Camping World by 6.9% during the fourth quarter. Eminence Capital LP now owns 4,110,205 shares of the company's stock valued at $86,643,000 after purchasing an additional 264,935 shares in the last quarter. Interval Partners LP lifted its holdings in shares of Camping World by 71.8% during the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company's stock valued at $60,623,000 after purchasing an additional 1,202,258 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Camping World during the fourth quarter valued at $33,698,000. Finally, SG Capital Management LLC bought a new position in shares of Camping World during the fourth quarter valued at $19,732,000. 52.54% of the stock is owned by institutional investors.

Camping World Stock Performance

Shares of NYSE CWH traded up $0.03 during trading on Friday, hitting $17.48. The company had a trading volume of 1,963,067 shares, compared to its average volume of 2,010,094. The stock has a 50 day simple moving average of $17.28 and a 200 day simple moving average of $16.70. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26. Camping World has a 12 month low of $11.17 and a 12 month high of $25.97. The firm has a market capitalization of $1.79 billion, a P/E ratio of -87.42 and a beta of 1.92.

Camping World (NYSE:CWH - Get Free Report) last posted its quarterly 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 return on equity of 2.81% and a negative net margin of 0.13%.The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts anticipate that Camping World will post -0.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CWH. KeyCorp upped their price target on Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Truist Financial increased their target price on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Citigroup reissued a "buy" rating and issued a $23.00 target price (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Finally, Raymond James Financial lowered their target price on Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.