Russell Investments Group Ltd. Reduces Stock Position in Camping World $CWH

Key Points

• Russell Investments Group Ltd. reduced its stake in Camping World by 25.4%, selling 21,764 shares and now owns approximately 63,919 shares valued at $1,033,000.
• A range of analysts have given Camping World varied ratings, with a consensus rating of "Moderate Buy" and a target price averaging around $21.78.
• Camping World reported a loss in earnings of $0.01 per share against estimates, despite revenue growth of 9.4% year-over-year, reaching $1.98 billion.

Russell Investments Group Ltd. trimmed its position in shares of Camping World (NYSE:CWH - Free Report) by 25.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,919 shares of the company's stock after selling 21,764 shares during the period. Russell Investments Group Ltd. owned 0.06% of Camping World worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWH. Byrne Asset Management LLC bought a new stake in shares of Camping World in the first quarter valued at about $44,000. Mpwm Advisory Solutions LLC acquired a new position in Camping World during the fourth quarter worth about $63,000. US Bancorp DE acquired a new position in shares of Camping World in the first quarter valued at approximately $72,000. Sandia Investment Management LP bought a new stake in Camping World in the fourth quarter valued at approximately $105,000. Finally, CWM LLC boosted its holdings 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 buying an additional 6,986 shares in the last quarter. 52.54% of the stock is owned by institutional investors.

Camping World Stock Performance

Shares of NYSE CWH traded down $0.38 during trading on Tuesday, hitting $17.13. The company had a trading volume of 737,688 shares, compared to its average volume of 2,205,397. 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 stock has a 50 day simple moving average of $17.26 and a 200 day simple moving average of $16.67. The firm has a market capitalization of $1.75 billion, a P/E ratio of -85.65 and a beta of 1.92.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. As a group, analysts anticipate that Camping World will post -0.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWH has been the subject of a number of analyst reports. Citigroup reissued a "buy" rating and issued a $23.00 price target (up from $21.00) on shares of Camping World in a research report on Monday, June 16th. Truist Financial lifted their price target on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Raymond James Financial dropped their target price on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, KeyCorp lifted their price target on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.