University of Texas Texas AM Investment Management Co. Sells 45,792 Shares of Camping World (NYSE:CWH)

Key Points

• The University of Texas Texas A&M Investment Management Co. reduced its stake in Camping World by 53.7%, selling 45,792 shares and holding 39,560 shares valued at $639,000 as of the latest SEC filing.
• Camping World reported a loss of $0.16 earnings per share in its most recent quarter, exceeding analysts' expectations, with revenue of $1.41 billion compared to estimates of $1.43 billion.
• The company announced a quarterly dividend of $0.125, representing an annualized yield of 2.77%, despite a negative dividend payout ratio of -108.70%.

University of Texas Texas AM Investment Management Co. trimmed its holdings in shares of Camping World (NYSE:CWH - Free Report) by 53.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,560 shares of the company's stock after selling 45,792 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Camping World were worth $639,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Camping World in the fourth quarter valued at $1,465,000. American Century Companies Inc. boosted its position in shares of Camping World by 20.3% during the 4th quarter. American Century Companies Inc. now owns 91,342 shares of the company's stock worth $1,925,000 after purchasing an additional 15,383 shares in the last quarter. Sei Investments Co. bought a new position in shares of Camping World during the 4th quarter worth about $2,254,000. KLP Kapitalforvaltning AS bought a new position in shares of Camping World during the 4th quarter worth about $226,000. Finally, Vanguard Group Inc. boosted its holdings in Camping World by 39.2% in the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock worth $122,003,000 after acquiring an additional 1,630,307 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors.

Camping World Stock Performance

Camping World stock traded down $0.79 during midday trading on Thursday, reaching $14.14. The stock had a trading volume of 4,103,559 shares, compared to its average volume of 2,204,292. The firm's 50-day moving average price is $17.78 and its 200 day moving average price is $17.78. Camping World has a 12 month low of $11.17 and a 12 month high of $25.97. The company has a quick ratio of 0.19, a current ratio of 1.26 and a debt-to-equity ratio of 3.53. The firm has a market capitalization of $1.44 billion, a PE ratio of -70.70 and a beta of 1.86.

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 for the quarter, missing the consensus estimate of $0.58 by ($0.01). Camping World had a negative net margin of 0.13% and a negative return on equity of 3.08%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company earned $0.38 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 3.54%. Camping World's dividend payout ratio is currently -250.00%.

Analyst Upgrades and Downgrades

CWH has been the topic of several recent research reports. Truist Financial increased their price target on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Robert W. Baird cut their target price on Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. upgraded shares of Camping World from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $23.00 to $21.00 in a report on Thursday, May 1st. 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 report on Thursday. Finally, Citigroup restated a "buy" rating and issued a $23.00 target price (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.44.

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.