Versor Investments LP Increases Stake in Camping World $CWH

Key Points

• Versor Investments LP significantly increased its holdings in Camping World by 309.5%, owning 51,600 shares valued at $834,000 after acquiring an additional 39,000 shares during the first quarter.
• Camping World reported a 9.4% year-over-year increase in revenue, amounting to $1.98 billion, although it missed earnings estimates with an EPS of $0.57.
• Recent analyst reports resulted in target price adjustments, with Truist Financial raising the target from $16.00 to $20.00 and Citigroup increasing theirs from $21.00 to $23.00, indicating a generally favorable outlook.

Versor Investments LP lifted its stake in shares of Camping World (NYSE:CWH - Free Report) by 309.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,600 shares of the company's stock after purchasing an additional 39,000 shares during the period. Versor Investments LP owned 0.05% of Camping World worth $834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CWH. Wells Fargo & Company MN boosted its holdings in shares of Camping World by 69.3% during the 4th quarter. Wells Fargo & Company MN now owns 30,477 shares of the company's stock worth $642,000 after purchasing an additional 12,470 shares during the last quarter. Invesco Ltd. raised its position in shares of Camping World by 12.7% during the 4th quarter. Invesco Ltd. now owns 156,637 shares of the company's stock valued at $3,302,000 after buying an additional 17,689 shares during the period. Legal & General Group Plc raised its position in shares of Camping World by 33.7% during the 4th quarter. Legal & General Group Plc now owns 60,246 shares of the company's stock valued at $1,270,000 after buying an additional 15,179 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Camping World during the 4th quarter valued at approximately $1,465,000. Finally, Summit Investment Advisors Inc. raised its position in shares of Camping World by 33.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock valued at $117,000 after buying an additional 1,390 shares during the period. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWH has been the topic of several analyst reports. Citigroup reaffirmed a "buy" rating and set a $23.00 price target (up previously from $21.00) on shares of Camping World in a research report on Monday, June 16th. Robert W. Baird reduced their price target on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Truist Financial lifted their price target on shares of Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. KeyCorp lifted their price target on shares of Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, Raymond James Financial reduced their price target on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.78.

Camping World Trading Up 3.6%

NYSE CWH traded up $0.6030 on Friday, reaching $17.5530. The stock had a trading volume of 2,527,706 shares, compared to its average volume of 2,718,612. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -87.76 and a beta of 1.76. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97. The stock has a fifty day moving average price of $17.33 and a two-hundred day moving average price of $16.90.

Camping World (NYSE:CWH - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.98 billion during 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 firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. As a group, sell-side analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Company 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.