Seven Grand Managers LLC Invests $8.43 Million in Camping World Holdings, Inc. (NYSE:CWH)

Seven Grand Managers LLC acquired a new stake in Camping World Holdings, Inc. (NYSE:CWH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 400,000 shares of the company's stock, valued at approximately $8,432,000. Camping World accounts for about 3.9% of Seven Grand Managers LLC's portfolio, making the stock its 8th largest position. Seven Grand Managers LLC owned about 0.47% of Camping World at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Camping World by 195.0% during the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock valued at $32,000 after purchasing an additional 1,014 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Camping World by 33.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock worth $117,000 after acquiring an additional 1,390 shares during the period. AlphaQuest LLC lifted its stake in shares of Camping World by 494.9% in the 4th quarter. AlphaQuest LLC now owns 7,865 shares of the company's stock valued at $166,000 after purchasing an additional 6,543 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Camping World in the 4th quarter valued at $216,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Camping World during the fourth quarter valued at about $226,000. Institutional investors and hedge funds own 52.54% of the company's stock.

Insider Buying and Selling at Camping World

In related news, President Matthew D. Wagner purchased 5,725 shares of Camping World stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the transaction, the president now directly owns 300,640 shares in the company, valued at approximately $5,294,270.40. This trade represents a 1.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 35.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CWH. Truist Financial decreased their target price on shares of Camping World from $28.00 to $16.00 and set a "buy" rating for the company in a research report on Monday, April 14th. KeyCorp reduced 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. Robert W. Baird lowered their price target on Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. raised Camping World from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $23.00 to $21.00 in a research report on Thursday, May 1st. Finally, Baird R W cut Camping World from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.56.

Camping World Trading Down 5.1%

NYSE:CWH traded down $0.86 during mid-day trading on Wednesday, hitting $16.04. 1,881,805 shares of the stock traded hands, compared to its average volume of 1,521,551. Camping World Holdings, Inc. has a 52 week low of $11.17 and a 52 week high of $25.97. The firm's 50 day moving average is $14.69 and its two-hundred day moving average is $19.51. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -23.25, a PEG 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.

Camping World (NYSE:CWH - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.40) earnings per share. On average, equities research analysts predict that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.125 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.50 annualized dividend and a yield of 3.12%. Camping World's dividend payout ratio is presently -108.70%.

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.