Voya Investment Management LLC Grows Stock Holdings in Camping World $CWH

Key Points

• Voya Investment Management LLC increased its stake in Camping World by 28.1% during the 1st quarter, owning 934,173 shares valued at approximately $15.1 million.
• Analyst ratings for Camping World are mixed, with a consensus rating of "Moderate Buy" and a price target of $21.78, while some analysts have raised their targets amidst fluctuations.
• Camping World has declared a quarterly dividend of $0.125 per share, reflecting an annualized yield of 2.9%, although it has a negative dividend payout ratio of -250.00%.

Voya Investment Management LLC grew its position in shares of Camping World (NYSE:CWH - Free Report) by 28.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 934,173 shares of the company's stock after purchasing an additional 204,679 shares during the period. Voya Investment Management LLC owned approximately 0.92% of Camping World worth $15,096,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CWH. Ameriprise Financial Inc. lifted its stake in Camping World by 84.8% during the fourth quarter. Ameriprise Financial Inc. now owns 16,283 shares of the company's stock worth $343,000 after purchasing an additional 7,473 shares in the last quarter. Gotham Asset Management LLC increased its position in shares of Camping World by 32.0% during the fourth quarter. Gotham Asset Management LLC now owns 38,384 shares of the company's stock worth $809,000 after acquiring an additional 9,301 shares during the period. Janus Henderson Group PLC increased its position in shares of Camping World by 30.1% during the fourth quarter. Janus Henderson Group PLC now owns 22,477 shares of the company's stock worth $474,000 after acquiring an additional 5,200 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Camping World by 37.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,938 shares of the company's stock worth $673,000 after acquiring an additional 8,757 shares during the period. Finally, Nuveen Asset Management LLC increased its position in shares of Camping World by 10.4% during the fourth quarter. Nuveen Asset Management LLC now owns 177,673 shares of the company's stock worth $3,745,000 after acquiring an additional 16,739 shares during the period. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Stock Performance

NYSE:CWH traded up $0.25 during mid-day trading on Thursday, reaching $17.53. The stock had a trading volume of 2,000,828 shares, compared to its average volume of 2,194,521. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -87.65 and a beta of 1.92. Camping World has a twelve month low of $11.17 and a twelve month high of $25.97. The business has a 50 day simple moving average of $17.05 and a 200 day simple moving average of $16.43.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 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 analyst estimates of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. Camping World's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. On average, analysts expect that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.125 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. Camping World's dividend payout ratio (DPR) is presently -250.00%.

Analysts Set New Price Targets

CWH has been the topic of a number of recent research reports. Truist Financial upped their price objective on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Raymond James Financial cut their price objective on Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Zacks Research raised Camping World from a "strong sell" rating to a "hold" rating in a research report on Friday, September 5th. KeyCorp upped their price objective on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, Citigroup reissued 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. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.78.

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.