Hsbc Holdings PLC Acquires New Holdings in Camping World Holdings, Inc. (NYSE:CWH)

Hsbc Holdings PLC acquired a new stake in Camping World Holdings, Inc. (NYSE:CWH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,756 shares of the company's stock, valued at approximately $584,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CWH. Barclays PLC lifted its position in shares of Camping World by 96.9% in the third quarter. Barclays PLC now owns 317,052 shares of the company's stock valued at $7,678,000 after acquiring an additional 156,055 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Camping World in the third quarter valued at $258,000. JPMorgan Chase & Co. raised its holdings in Camping World by 611.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company's stock valued at $7,094,000 after buying an additional 251,748 shares during the period. Blue Trust Inc. boosted its position in shares of Camping World by 195.0% during the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock worth $32,000 after purchasing an additional 1,014 shares during the period. Finally, Econ Financial Services Corp purchased a new stake in shares of Camping World in the 4th quarter valued at $1,070,000. Hedge funds and other institutional investors own 52.54% of the company's stock.

Insider Activity

In other Camping World news, President Matthew D. Wagner purchased 5,725 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the purchase, the president now owns 300,640 shares in the company, valued at $5,294,270.40. The trade was a 1.94% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 35.60% of the company's stock.

Camping World Trading Up 10.9%

CWH traded up $1.60 during trading on Monday, hitting $16.28. The company's stock had a trading volume of 1,127,246 shares, compared to its average volume of 1,459,926. The firm's 50 day moving average price is $14.76 and its 200-day moving average price is $19.74. Camping World Holdings, Inc. has a twelve month low of $11.17 and a twelve month high of $25.97. The stock has a market cap of $1.66 billion, a PE ratio of -23.67, a PEG ratio of 0.92 and a beta of 2.13. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.23) by $0.07. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. Camping World's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.40) EPS. On average, analysts expect that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, March 14th. Camping World's dividend payout ratio is presently -108.70%.

Analysts Set New Price Targets

A number of research firms have issued reports on CWH. JPMorgan Chase & Co. raised Camping World from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $23.00 to $21.00 in a research report on Thursday, May 1st. Baird R W cut Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lowered their price objective on Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Truist Financial lowered their price target on shares of Camping World from $28.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, KeyCorp reduced their price objective on Camping World from $22.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.63.

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.