Pingora Partners LLC Has $526,000 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 Camping World (NYSE:CWH - Free Report) by 114.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,550 shares of the company's stock after purchasing an additional 17,350 shares during the quarter. Pingora Partners LLC's holdings in Camping World were worth $526,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Camping World by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company's stock worth $539,000 after acquiring an additional 1,401 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Camping World by 9.3% during the first quarter. Rafferty Asset Management LLC now owns 18,779 shares of the company's stock worth $303,000 after acquiring an additional 1,593 shares during the last quarter. A&I Financial Services LLC raised its position in shares of Camping World by 11.3% during the first quarter. A&I Financial Services LLC now owns 25,302 shares of the company's stock worth $409,000 after acquiring an additional 2,567 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of Camping World during the first quarter worth $44,000. Finally, AlphaQuest LLC raised its position in shares of Camping World by 35.2% during the first quarter. AlphaQuest LLC now owns 10,631 shares of the company's stock worth $172,000 after acquiring an additional 2,766 shares during the last quarter. Institutional investors own 52.54% of the company's stock.

Camping World Trading Up 4.1%

Shares of Camping World stock traded up $0.70 during trading hours on Thursday, hitting $17.56. The company's stock had a trading volume of 875,320 shares, compared to its average volume of 2,194,151. Camping World has a 12 month low of $11.17 and a 12 month high of $25.97. The stock has a 50 day moving average of $17.17 and a 200 day moving average of $16.53. The company has a market capitalization of $1.79 billion, a PE ratio of -87.72 and a beta of 1.92. 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 (NYSE:CWH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. Analysts predict that Camping World will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.125 per share. 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 is currently -250.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Zacks Research upgraded Camping World from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. KeyCorp upped their price objective on Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Raymond James Financial dropped their price objective on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Citigroup reiterated a "buy" rating and issued a $23.00 price objective (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Finally, Truist Financial upped their price objective on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.78.

Camping World 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.