SG Capital Management LLC Makes New Investment in Camping World Holdings, Inc. (NYSE:CWH)

SG Capital Management LLC bought a new stake in shares of Camping World Holdings, Inc. (NYSE:CWH) in the fourth quarter, Holdings Channel.com reports. The fund bought 936,062 shares of the company’s stock, valued at approximately $19,732,000. Camping World accounts for 1.9% of SG Capital Management LLC’s investment portfolio, making the stock its 16th biggest position.

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

Insiders Place Their Bets

In other Camping World news, President Matthew D. Wagner bought 5,725 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the purchase, the president now directly owns 300,640 shares of the company’s stock, valued at $5,294,270.40. The trade was a 1.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 35.60% of the company’s stock.

Camping World Trading Down 2.6%

Shares of CWH opened at $15.99 on Friday. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. The firm has a market cap of $1.63 billion, a P/E ratio of -23.17, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13. Camping World Holdings, Inc. has a fifty-two week low of $11.17 and a fifty-two week high of $25.97. The business has a 50-day moving average of $14.67 and a 200 day moving average of $19.63.

Camping World (NYSE:CWH) last issued its earnings results 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) EPS. As a group, research analysts forecast that Camping World Holdings, Inc. will post -0.66 EPS for the current year.

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a $0.125 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.13%. Camping World’s dividend payout ratio (DPR) is currently -108.70%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CWH. Monness Crespi & Hardt lowered their target price on Camping World from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Baird R W downgraded Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Truist Financial decreased their price target on Camping World from $28.00 to $16.00 and set a “buy” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. upgraded shares of Camping World from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $23.00 to $21.00 in a report on Thursday, May 1st. Finally, KeyCorp decreased their price target on Camping World from $22.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.