Hood River Capital Management LLC Invests $62.14 Million in Camping World Holdings, Inc. (NYSE:CWH)

Hood River Capital Management LLC purchased a new position in Camping World Holdings, Inc. (NYSE:CWH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,947,935 shares of the company's stock, valued at approximately $62,142,000. Hood River Capital Management LLC owned about 3.47% of Camping World at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Camping World by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,191 shares of the company's stock valued at $658,000 after purchasing an additional 7,811 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Camping World during the 4th quarter valued at about $520,000. Hsbc Holdings PLC purchased a new position in shares of Camping World during the 4th quarter valued at about $584,000. MetLife Investment Management LLC lifted its position in Camping World by 39.2% in the 4th quarter. MetLife Investment Management LLC now owns 33,969 shares of the company's stock worth $716,000 after buying an additional 9,564 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Camping World by 39.8% in the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company's stock worth $72,151,000 after buying an additional 975,168 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CWH shares. Robert W. Baird restated a "neutral" rating and issued a $18.00 price objective (down from $28.00) on shares of Camping World in a report on Friday, April 4th. 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. Truist Financial decreased their price objective on Camping World from $28.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, KeyCorp dropped their target price on Camping World from $22.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.63.

Camping World Trading Down 1.9 %

Shares of Camping World stock traded down $0.27 during midday trading on Monday, reaching $13.57. 614,509 shares of the company's stock traded hands, compared to its average volume of 1,349,440. The company has a market cap of $1.38 billion, a PE ratio of -19.68, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32. The stock has a 50 day moving average of $16.03 and a 200-day moving average of $20.35. Camping World Holdings, Inc. has a 12 month low of $11.17 and a 12 month high of $25.97. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.

Camping World (NYSE:CWH - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.55). The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. As a group, equities analysts expect that Camping World Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Friday, March 14th. Camping World's dividend payout ratio (DPR) is presently -65.79%.

Insiders Place Their Bets

In related news, President Matthew D. Wagner acquired 5,725 shares of Camping World stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the purchase, the president now directly owns 300,640 shares of the company's stock, valued at approximately $5,294,270.40. This trade represents a 1.94 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 35.60% of the company's stock.

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.