Voleon Capital Management LP Has $858,000 Holdings in Camping World $CWH

Key Points

• Voleon Capital Management increased its stake in Camping World by 76.9%, owning 53,074 shares worth approximately $858,000 after acquiring an additional 23,071 shares.
• Institutional investors now hold 52.54% of Camping World's stock, with significant increases from firms like Vanguard and Goldman Sachs.
• Camping World recently declared a quarterly dividend of $0.125, resulting in an annualized yield of 2.8%, despite a negative payout ratio of -250.00%.

Voleon Capital Management LP lifted its stake in shares of Camping World (NYSE:CWH - Free Report) by 76.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,074 shares of the company's stock after buying an additional 23,071 shares during the quarter. Voleon Capital Management LP owned 0.05% of Camping World worth $858,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of CWH. SG Capital Management LLC acquired a new stake in Camping World in the fourth quarter valued at approximately $19,732,000. Seven Grand Managers LLC acquired a new stake in Camping World in the fourth quarter valued at approximately $8,432,000. Goldman Sachs Group Inc. boosted its stake in shares of Camping World by 66.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company's stock valued at $14,372,000 after buying an additional 354,333 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Camping World during the 4th quarter valued at approximately $7,453,000. Finally, Vanguard Group Inc. boosted its stake in shares of Camping World by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock valued at $97,521,000 after buying an additional 247,134 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company's stock.

Analyst Ratings Changes

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

Camping World Price Performance

NYSE:CWH traded up $0.21 during mid-day trading on Monday, reaching $16.77. 301,557 shares of the stock were exchanged, compared to its average volume of 2,188,306. The business has a fifty day moving average price of $17.11 and a 200 day moving average price of $16.43. The firm has a market capitalization of $1.71 billion, a PE ratio of -83.80 and a beta of 1.92. Camping World has a 1-year low of $11.17 and a 1-year high of $25.97. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12.

Camping World (NYSE:CWH - Get Free Report) last released its 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 2.81%. The business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the firm earned $0.38 EPS. The company's revenue was up 9.4% compared to the same quarter last year. Research analysts expect that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, September 15th. Camping World's payout ratio is -250.00%.

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.