Geode Capital Management LLC raised its stake in Camping World Holdings, Inc. (NYSE:CWH - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,285,271 shares of the company's stock after buying an additional 306,941 shares during the quarter. Geode Capital Management LLC owned approximately 1.51% of Camping World worth $27,100,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Camping World by 39.2% in the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock valued at $122,003,000 after purchasing an additional 1,630,307 shares during the period. Burkehill Global Management LP purchased a new stake in shares of Camping World in the 4th quarter valued at approximately $15,810,000. Norges Bank acquired a new stake in shares of Camping World during the 4th quarter worth approximately $10,847,000. JPMorgan Chase & Co. raised its position in shares of Camping World by 611.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company's stock valued at $7,094,000 after buying an additional 251,748 shares during the period. Finally, Franklin Resources Inc. acquired a new position in Camping World in the fourth quarter valued at approximately $4,291,000. 52.54% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, President Matthew D. Wagner acquired 5,725 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $17.61 per share, with a total value of $100,817.25. Following the transaction, the president now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 35.60% of the company's stock.
Camping World Stock Up 6.5 %
Shares of CWH stock traded up $0.81 during trading on Wednesday, reaching $13.18. The company's stock had a trading volume of 509,965 shares, compared to its average volume of 1,685,420. Camping World Holdings, Inc. has a 1-year low of $11.17 and a 1-year high of $25.97. The stock's 50-day moving average price is $16.58 and its 200 day moving average price is $20.56. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -19.10, a P/E/G ratio of 0.92 and a beta of 2.32. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.
Camping World (NYSE:CWH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.55). Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, research analysts anticipate that Camping World Holdings, Inc. will post -0.66 EPS for the current year.
Camping World Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 3.79%. The ex-dividend date of this dividend was Friday, March 14th. Camping World's dividend payout ratio is presently -65.79%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on CWH shares. Baird R W downgraded Camping World from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird restated a "neutral" rating and issued a $18.00 price objective (down from $28.00) on shares of Camping World in a report on Friday, April 4th. KeyCorp lowered their target price on shares of Camping World from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Truist Financial reduced 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 note on Monday, April 14th. Four investment 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.63.
Get Our Latest Stock Report on CWH
Camping World Company Profile
(
Free Report)
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.
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