Walleye Capital LLC Grows Position in Camping World $CWH

Key Points

• Walleye Capital LLC significantly increased its stake in Camping World by 99.9%, owning about 64,700 shares valued at approximately $1.05 million after purchasing an additional 32,337 shares in the first quarter.
• Camping World recently reported earnings of $0.57 per share for the quarter, missing estimates slightly, yet achieved revenue of $1.98 billion, marking a 9.4% increase year-over-year.
• Analysts maintained a Moderate Buy rating for Camping World with an average price target of $21.78, noting several upgrades from major firms, including Citigroup, which set a target of $23.00.

Walleye Capital LLC boosted its stake in shares of Camping World (NYSE:CWH - Free Report) by 99.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,700 shares of the company's stock after purchasing an additional 32,337 shares during the period. Walleye Capital LLC owned about 0.06% of Camping World worth $1,046,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in Camping World during the first quarter valued at $44,000. Mpwm Advisory Solutions LLC purchased a new position in Camping World during the fourth quarter valued at $63,000. US Bancorp DE purchased a new position in Camping World during the first quarter valued at $72,000. Sandia Investment Management LP purchased a new position in Camping World during the fourth quarter valued at $105,000. Finally, CWM LLC lifted its position in Camping World by 1,060.1% during the first quarter. CWM LLC now owns 7,645 shares of the company's stock valued at $124,000 after purchasing an additional 6,986 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Camping World Price Performance

NYSE:CWH opened at $17.48 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12. The business's 50-day simple moving average is $17.28 and its two-hundred day simple moving average is $16.75. The stock has a market cap of $1.79 billion, a PE ratio of -87.42 and a beta of 1.76. Camping World has a 52 week low of $11.17 and a 52 week high of $25.97.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on CWH. Citigroup reiterated a "buy" rating and set a $23.00 target price (up from $21.00) on shares of Camping World in a research report on Monday, June 16th. Raymond James Financial decreased their price target on Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Truist Financial raised their price target on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, KeyCorp raised their price target on Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.78.

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.

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