Royce & Associates LP Purchases New Holdings in Camping World $CWH

Key Points

• Royce & Associates LP opened a new position in Camping World (NYSE:CWH), acquiring 421,959 shares valued at about $6.66 million—approximately 0.41% of the company per its latest 13F filing.
• Other institutions also increased exposure—most notably Goldman Sachs, which now owns 889,377 shares (~$14.37 million)—and institutional investors collectively hold 52.54% of the stock.
• Camping World trades near its 52-week low (~$7.65) with a market cap of ~$782.5M, negative earnings and high leverage (debt/equity 4.14); analysts have a consensus “Moderate Buy” with an average price target of $15.80.

Royce & Associates LP acquired a new position in shares of Camping World (NYSE:CWH - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 421,959 shares of the company's stock, valued at approximately $6,663,000. Royce & Associates LP owned about 0.41% of Camping World as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in shares of Camping World during the 1st quarter valued at approximately $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Camping World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company's stock valued at $539,000 after acquiring an additional 1,401 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Camping World by 66.2% in the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company's stock valued at $14,372,000 after acquiring an additional 354,333 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Camping World by 17.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company's stock valued at $1,927,000 after acquiring an additional 17,665 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Camping World by 14.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 28,033 shares of the company's stock worth $482,000 after acquiring an additional 3,631 shares in the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Stock Performance

Shares of NYSE CWH opened at $7.65 on Thursday. The company has a quick ratio of 0.27, a current ratio of 1.20 and a debt-to-equity ratio of 4.14. The firm's 50-day moving average price is $11.70 and its two-hundred day moving average price is $13.28. Camping World has a 52-week low of $7.47 and a 52-week high of $19.64. The stock has a market capitalization of $782.52 million, a P/E ratio of -5.31 and a beta of 2.15.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.10). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Camping World had a negative net margin of 1.41% and a negative return on equity of 3.29%. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the company posted ($0.47) earnings per share. As a group, sell-side analysts forecast that Camping World will post -0.66 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Camping World from a "hold" rating to a "sell" rating in a research note on Saturday, February 28th. Roth Mkm reissued a "buy" rating and issued a $16.00 price objective (down from $18.00) on shares of Camping World in a report on Thursday, February 26th. Monness Crespi & Hardt cut their price objective on Camping World from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Truist Financial reduced their target price on Camping World from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, November 10th. Finally, BMO Capital Markets lowered their price target on Camping World from $22.00 to $16.00 and set an "outperform" rating for the company in a report on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Camping World has a consensus rating of "Moderate Buy" and an average price target of $15.80.

Camping World Profile

Camping World Holdings, Inc NYSE: CWH is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World's offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.

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