Pingora Partners LLC Raises Stock Position in Camping World $CWH

Key Points

• Pingora Partners LLC increased its stock position in Camping World by 114.1% during the 1st quarter, owning 32,550 shares worth $526,000.
• Camping World reported earnings of $0.57 per share, slightly missing analyst expectations, although its revenue of $1.98 billion exceeded forecasts.
• The company announced a quarterly dividend of $0.125, representing an annual yield of 2.8%, with a payout ratio currently at -250.00%.

Pingora Partners LLC raised its holdings in shares of Camping World (NYSE:CWH - Free Report) by 114.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,550 shares of the company's stock after purchasing an additional 17,350 shares during the period. Pingora Partners LLC's holdings in Camping World were worth $526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CWH. GAMMA Investing LLC increased its holdings in Camping World by 6,485.8% in the 1st quarter. GAMMA Investing LLC now owns 15,740 shares of the company's stock worth $254,000 after buying an additional 15,501 shares during the period. Interval Partners LP boosted its holdings in shares of 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. Crestline Management LP acquired a new stake in shares of Camping World in the fourth quarter worth $1,244,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Camping World in the fourth quarter worth $7,453,000. Finally, Jump Financial LLC raised its holdings in shares of Camping World by 210.1% during the first quarter. Jump Financial LLC now owns 217,090 shares of the company's stock worth $3,508,000 after purchasing an additional 147,075 shares during the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CWH shares. Citigroup reiterated a "buy" rating and set a $23.00 price target (up from $21.00) on shares of Camping World in a research report on Monday, June 16th. Raymond James Financial dropped their price objective 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. Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday. Truist Financial increased 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. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.78.

Camping World Price Performance

CWH stock traded up $0.06 during midday trading on Tuesday, reaching $17.83. The stock had a trading volume of 3,152,536 shares, compared to its average volume of 1,754,647. Camping World has a 52-week low of $11.17 and a 52-week high of $25.97. 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 company's fifty day simple moving average is $17.21 and its 200 day simple moving average is $16.53. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -89.15 and a beta of 1.92.

Camping World (NYSE:CWH - Get Free Report) last issued 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). The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. Camping World's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. As a group, sell-side analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's dividend payout ratio (DPR) is currently -250.00%.

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.