Cinctive Capital Management LP Raises Position in Camping World Holdings, Inc. (NYSE:CWH)

Cinctive Capital Management LP lifted its position in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) by 117.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,031 shares of the company's stock after buying an additional 67,459 shares during the quarter. Cinctive Capital Management LP owned approximately 0.15% of Camping World worth $2,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its position in Camping World by 31.4% during the fourth quarter. Geode Capital Management LLC now owns 1,285,271 shares of the company's stock worth $27,100,000 after acquiring an additional 306,941 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Camping World during the 4th quarter worth approximately $4,291,000. Alliancebernstein L.P. raised its position in shares of Camping World by 33.6% during the 4th quarter. Alliancebernstein L.P. now owns 54,000 shares of the company's stock worth $1,138,000 after purchasing an additional 13,570 shares during the last quarter. Wellington Management Group LLP lifted its stake in Camping World by 83.0% in the 4th quarter. Wellington Management Group LLP now owns 194,780 shares of the company's stock valued at $4,106,000 after buying an additional 88,337 shares in the last quarter. Finally, Norges Bank acquired a new stake in Camping World during the 4th quarter valued at $10,847,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Camping World

In other Camping World news, President Matthew D. Wagner acquired 5,725 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $17.61 per share, with a total value of $100,817.25. Following the completion of the transaction, the president now directly owns 300,640 shares of the company's stock, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 43.80% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CWH shares. Truist Financial upped their price objective on Camping World from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Robert W. Baird restated a "neutral" rating and issued a $18.00 target price (down from $28.00) on shares of Camping World in a report on Friday. Bank of America assumed coverage on shares of Camping World in a report on Thursday, December 19th. They set a "buy" rating and a $30.00 price target for the company. KeyCorp reduced their price objective on shares of Camping World from $27.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Finally, Baird R W cut shares of Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.88.

Camping World Trading Up 1.1 %

Shares of CWH traded up $0.14 during mid-day trading on Tuesday, hitting $13.36. The company had a trading volume of 601,066 shares, compared to its average volume of 1,263,328. Camping World Holdings, Inc. has a 1-year low of $11.87 and a 1-year high of $26.33. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The business's 50-day simple moving average is $19.35 and its 200-day simple moving average is $21.58. The stock has a market cap of $1.36 billion, a PE ratio of -19.44, a P/E/G ratio of 0.92 and a beta of 2.32.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.55). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. Sell-side analysts forecast that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, March 14th. Camping World's dividend payout ratio (DPR) is presently -65.79%.

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.