Hsbc Holdings PLC Purchases Shares of 27,756 Camping World Holdings, Inc. (NYSE:CWH)

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

A number of other institutional investors also recently bought and sold shares of CWH. Vanguard Group Inc. lifted its stake in shares of Camping World by 39.2% in the 4th quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock valued at $122,003,000 after purchasing an additional 1,630,307 shares during the period. Capital Research Global Investors boosted its holdings in shares of Camping World by 39.8% during the 4th quarter. Capital Research Global Investors now owns 3,422,710 shares of the company's stock valued at $72,151,000 after buying an additional 975,168 shares in the last quarter. Burkehill Global Management LP purchased a new position in Camping World during the 4th quarter valued at about $15,810,000. Norges Bank purchased a new position in Camping World during the 4th quarter valued at about $10,847,000. Finally, Geode Capital Management LLC grew its holdings in Camping World by 31.4% in the fourth quarter. Geode Capital Management LLC now owns 1,285,271 shares of the company's stock worth $27,100,000 after purchasing an additional 306,941 shares during the period. 52.54% of the stock is owned by institutional investors.

Camping World Stock Performance

NYSE:CWH traded up $0.33 on Friday, hitting $14.80. The stock had a trading volume of 3,807,296 shares, compared to its average volume of 1,457,755. Camping World Holdings, Inc. has a 52-week low of $11.17 and a 52-week high of $25.97. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -21.45, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The business's 50-day simple moving average is $14.76 and its two-hundred day simple moving average is $19.76.

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

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.38%. Camping World's payout ratio is currently -108.70%.

Insider Activity at Camping World

In other Camping World news, President Matthew D. Wagner acquired 5,725 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $17.61 per share, with a total value of $100,817.25. Following the completion of the purchase, the president now directly owns 300,640 shares in the company, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 35.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Monness Crespi & Hardt reduced their price objective on Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Baird R W cut shares of Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird decreased their target price on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. KeyCorp cut their price target on shares of Camping World from $22.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upgraded shares of Camping World from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Camping World has a consensus rating of "Moderate Buy" and a consensus price target of $21.63.

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.