Hood River Capital Management LLC Makes New $62.14 Million Investment in Camping World Holdings, Inc. (NYSE:CWH)

Hood River Capital Management LLC purchased a new stake in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,947,935 shares of the company's stock, valued at approximately $62,142,000. Hood River Capital Management LLC owned 3.47% of Camping World at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Camping World by 39.2% during the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock valued at $122,003,000 after buying an additional 1,630,307 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Camping World by 39.8% in the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company's stock worth $72,151,000 after buying an additional 975,168 shares in the last quarter. Burkehill Global Management LP purchased a new position in shares of Camping World in the 4th quarter worth $15,810,000. Norges Bank purchased a new stake in Camping World during the 4th quarter valued at $10,847,000. Finally, Geode Capital Management LLC lifted its stake in Camping World by 31.4% in the fourth quarter. Geode Capital Management LLC now owns 1,285,271 shares of the company's stock worth $27,100,000 after purchasing an additional 306,941 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CWH. Baird R W lowered Camping World from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial dropped their price objective on shares of Camping World from $28.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp lowered their target price on shares of Camping World from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Robert W. Baird reissued a "neutral" rating and set a $18.00 target price (down previously from $28.00) on shares of Camping World in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.63.

Camping World Trading Up 2.4 %

CWH opened at $12.33 on Wednesday. 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 firm has a market cap of $1.26 billion, a P/E ratio of -17.88, a P/E/G ratio of 0.92 and a beta of 2.32. The business has a fifty day simple moving average of $16.58 and a 200-day simple moving average of $20.56. Camping World Holdings, Inc. has a 52 week low of $11.17 and a 52 week high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, hitting the consensus estimate of ($0.55). Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, equities analysts expect that Camping World Holdings, Inc. will post -0.66 earnings per share 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 issued 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 4.05%. Camping World's payout ratio is -65.79%.

Insider Activity at Camping World

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

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.

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