Nuveen LLC Makes New $2.87 Million Investment in Camping World $CWH

Key Points

• Nuveen LLC acquired a new position in Camping World, purchasing 177,762 shares valued at about $2.87 million, representing approximately 0.17% of the company's stock.
• Several hedge funds have also increased their stakes in Camping World, with institutional investors owning 52.54% of the stock.
• Camping World's recent quarterly earnings report showed a loss per share of $0.01 against analyst expectations, despite reporting a revenue increase of 9.4% compared to the same quarter last year.

Nuveen LLC purchased a new position in shares of Camping World (NYSE:CWH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 177,762 shares of the company's stock, valued at approximately $2,873,000. Nuveen LLC owned 0.17% of Camping World as of its most recent filing with the Securities and Exchange Commission.

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

Camping World Price Performance

CWH stock traded up $0.02 during trading on Wednesday, hitting $17.26. The stock had a trading volume of 1,285,598 shares, compared to its average volume of 1,866,650. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24. Camping World has a twelve month low of $11.17 and a twelve month high of $25.97. The stock has a market capitalization of $1.76 billion, a P/E ratio of -86.31 and a beta of 1.92. The company's 50-day moving average price is $17.23 and its two-hundred day moving average price is $16.68.

Camping World (NYSE:CWH - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the business earned $0.38 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts predict that Camping World will post -0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CWH shares. Truist Financial increased their target price on shares of Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. KeyCorp increased 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 lowered 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 note on Thursday, July 31st. Finally, Citigroup reissued a "buy" rating and set a $23.00 target price (up from $21.00) on shares of Camping World in a research note on Monday, June 16th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Camping World currently has a consensus rating of "Moderate Buy" and an average price target of $21.78.

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.