Bank of America Corp DE trimmed its holdings in Camping World Holdings Inc (NYSE:CWH) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 481,220 shares of the company’s stock after selling 65,097 shares during the quarter. Bank of America Corp DE owned about 0.55% of Camping World worth $5,520,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Pearl River Capital LLC bought a new position in Camping World during the 4th quarter valued at $42,000. Tower Research Capital LLC TRC boosted its stake in Camping World by 156,866.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,709 shares of the company’s stock valued at $100,000 after purchasing an additional 4,706 shares in the last quarter. Hodges Capital Management Inc. bought a new position in Camping World during the 4th quarter valued at $115,000. Camelot Portfolios LLC bought a new position in Camping World during the 4th quarter valued at $115,000. Finally, Symons Capital Management Inc. bought a new position in Camping World during the 4th quarter valued at $138,000. 41.70% of the stock is owned by institutional investors and hedge funds.
CWH opened at $14.51 on Monday. The firm has a market capitalization of $1.28 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.72 and a beta of 2.71. Camping World Holdings Inc has a 12-month low of $11.01 and a 12-month high of $30.09. The company has a quick ratio of 0.25, a current ratio of 1.45 and a debt-to-equity ratio of 36.20.
Camping World (NYSE:CWH) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.38). Camping World had a return on equity of 135.20% and a net margin of 0.31%. The firm had revenue of $982.39 million for the quarter, compared to analysts’ expectations of $973.80 million. Sell-side analysts anticipate that Camping World Holdings Inc will post 1.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 2.21%. Camping World’s dividend payout ratio is 28.57%.
A number of brokerages have issued reports on CWH. Bank of America began coverage on Camping World in a research note on Tuesday, March 26th. They set a “neutral” rating and a $15.00 price target for the company. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $19.00 price target (down from $24.00) on shares of Camping World in a research note on Monday, March 4th. Credit Suisse Group lowered Camping World from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $41.80 to $18.50 in a research note on Friday, March 1st. Goldman Sachs Group lowered Camping World from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $28.00 to $15.00 in a research note on Tuesday, March 19th. Finally, BMO Capital Markets reduced their price objective on Camping World from $36.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Camping World presently has an average rating of “Hold” and an average price target of $23.42.
In other news, CEO Marcus Lemonis acquired 99,094 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $13.27 per share, for a total transaction of $1,314,977.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Abrams Capital Management, L.P acquired 29,904 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of $11.94 per share, with a total value of $357,053.76. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 185,648 shares of company stock valued at $2,406,215. 49.40% of the stock is owned by corporate insiders.
About Camping World
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co-branded credit cards; vehicle financing and refinancing; club memberships; and publications and directories.
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