Y Intercept Hong Kong Ltd Makes New Investment in Camping World (NYSE:CWH)

Key Points

• Y Intercept Hong Kong Ltd invested approximately $377,000 by acquiring 23,313 shares of Camping World during the first quarter, indicating growing confidence in the company's potential.
• Despite a revenue increase of 3.6% year-over-year, Camping World reported a quarterly earnings per share of ($0.16), beating expectations but still maintaining a negative net margin of 0.47%.
• Recent analysts' reports show mixed recommendations for Camping World, with a consensus rating of "Moderate Buy" and an average price target of $22.44.

Y Intercept Hong Kong Ltd bought a new stake in Camping World (NYSE:CWH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,313 shares of the company's stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Camping World during the fourth quarter worth $1,465,000. American Century Companies Inc. grew its position in Camping World by 20.3% during the fourth quarter. American Century Companies Inc. now owns 91,342 shares of the company's stock valued at $1,925,000 after buying an additional 15,383 shares during the period. Sei Investments Co. acquired a new stake in Camping World during the fourth quarter valued at $2,254,000. KLP Kapitalforvaltning AS acquired a new stake in Camping World during the fourth quarter valued at $226,000. Finally, Vanguard Group Inc. grew its position in Camping World by 39.2% during the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock valued at $122,003,000 after buying an additional 1,630,307 shares during the period. Hedge funds and other institutional investors own 52.54% of the company's stock.

Wall Street Analysts Forecast Growth

CWH has been the topic of several research analyst reports. Truist Financial lifted their target price 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. Baird R W lowered shares of Camping World from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Monness Crespi & Hardt dropped their target price on shares of Camping World from $30.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. KeyCorp restated an "overweight" rating and set a $18.00 price target (up from $16.00) on shares of Camping World in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Camping World from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $23.00 to $21.00 in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.44.

Camping World Stock Performance

Camping World stock traded up $0.19 during trading hours on Friday, reaching $14.03. 1,650,581 shares of the stock were exchanged, compared to its average volume of 2,228,187. The stock has a market cap of $1.43 billion, a P/E ratio of -70.07 and a beta of 1.86. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.19 and a current ratio of 1.26. Camping World has a 52-week low of $11.17 and a 52-week high of $25.97. The firm's 50 day moving average is $17.78 and its 200 day moving average is $17.78.

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). Camping World had a negative return on equity of 3.08% and a negative net margin of 0.13%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. Analysts predict that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.6%. Camping World's dividend 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.