SG Capital Management LLC Invests $19.73 Million in Camping World Holdings, Inc. (NYSE:CWH)

SG Capital Management LLC acquired a new stake in Camping World Holdings, Inc. (NYSE:CWH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 936,062 shares of the company's stock, valued at approximately $19,732,000. Camping World comprises about 1.9% of SG Capital Management LLC's investment portfolio, making the stock its 16th largest holding. SG Capital Management LLC owned 1.10% of Camping World as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of Camping World by 195.0% during the fourth 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. Summit Investment Advisors Inc. lifted its stake in shares of Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock worth $117,000 after purchasing an additional 1,390 shares in the last quarter. AlphaQuest LLC raised its stake in shares of 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 purchasing an additional 6,543 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Camping World during the fourth quarter worth about $216,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Camping World in the 4th quarter valued at approximately $226,000. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Stock Down 5.1%

Shares of NYSE:CWH traded down $0.86 during trading on Wednesday, hitting $16.04. 1,881,805 shares of the company were exchanged, compared to its average volume of 1,521,551. Camping World Holdings, Inc. has a fifty-two week low of $11.17 and a fifty-two week high of $25.97. The firm has a fifty day moving average price of $14.69 and a two-hundred day moving average price of $19.51. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -23.25, a P/E/G ratio of 0.92 and a beta of 2.13.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 23.77% and a negative net margin of 0.40%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.40) earnings per share. As a group, research analysts anticipate that Camping World Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

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

Insiders Place Their Bets

In related news, President Matthew D. Wagner purchased 5,725 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the acquisition, the president now owns 300,640 shares of the company's stock, valued at $5,294,270.40. This represents a 1.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 35.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CWH has been the topic of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Monness Crespi & Hardt cut their price objective on Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Truist Financial dropped 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 report on Monday, April 14th. 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. Finally, JPMorgan Chase & Co. upgraded shares of Camping World from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.56.

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.