JPMorgan Chase & Co. Lowers Stock Position in Camping World Holdings, Inc. (NYSE:CWH)

JPMorgan Chase & Co. lessened its holdings in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) by 66.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,230 shares of the company's stock after selling 195,658 shares during the quarter. JPMorgan Chase & Co. owned 0.11% of Camping World worth $2,050,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Camping World by 195.0% in the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock worth $32,000 after buying an additional 1,014 shares during the last quarter. AlphaQuest LLC grew its position in Camping World by 494.9% during the fourth quarter. AlphaQuest LLC now owns 7,865 shares of the company's stock valued at $166,000 after buying an additional 6,543 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Camping World in the fourth quarter worth about $226,000. Proficio Capital Partners LLC purchased a new stake in shares of Camping World during the 4th quarter worth approximately $239,000. Finally, World Investment Advisors LLC bought a new stake in shares of Camping World in the 3rd quarter worth approximately $258,000. 52.54% of the stock is owned by institutional investors.

Camping World Price Performance

NYSE CWH traded down $1.99 during trading hours on Wednesday, reaching $12.09. 7,515,140 shares of the stock traded hands, compared to its average volume of 1,385,893. The stock has a 50 day simple moving average of $15.72 and a two-hundred day simple moving average of $20.24. Camping World Holdings, Inc. has a 1 year low of $11.17 and a 1 year high of $25.97. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -17.52, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32.

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

Camping World Dividend Announcement

The company also recently declared 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 4.14%. The ex-dividend date was Friday, March 14th. Camping World's dividend payout ratio (DPR) is presently -65.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CWH shares. KeyCorp dropped their price target on Camping World from $22.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Robert W. Baird reiterated a "neutral" rating and issued a $18.00 target price (down previously from $28.00) on shares of Camping World in a research note on Friday, April 4th. Baird R W downgraded Camping World from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, 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 report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $23.63.

Insider Transactions at Camping World

In related news, President Matthew D. Wagner bought 5,725 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $17.61 per share, with a total value of $100,817.25. Following the transaction, the president now owns 300,640 shares in the company, valued at approximately $5,294,270.40. This trade represents a 1.94 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 35.60% of the stock is currently owned by company insiders.

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.