Norges Bank 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 filing with the Securities & Exchange Commission. The institutional investor purchased 514,580 shares of the company's stock, valued at approximately $10,847,000. Norges Bank owned about 0.61% of Camping World as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Camping World by 195.0% in the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock worth $32,000 after purchasing an additional 1,014 shares in the last quarter. AlphaQuest LLC raised its position in Camping World by 494.9% in the 4th quarter. AlphaQuest LLC now owns 7,865 shares of the company's stock worth $166,000 after buying an additional 6,543 shares during the last quarter. World Investment Advisors LLC purchased a new position in Camping World in the 3rd quarter worth about $258,000. KLP Kapitalforvaltning AS bought a new position in Camping World during the 4th quarter valued at about $226,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Camping World during the 4th quarter valued at about $239,000. Institutional investors own 52.54% of the company's stock.
Insiders Place Their Bets
In related news, President Matthew D. Wagner purchased 5,725 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the purchase, the president now directly owns 300,640 shares in the company, valued at $5,294,270.40. This trade represents a 1.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 43.80% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Robert W. Baird reaffirmed a "neutral" rating and issued a $18.00 target price (down previously from $28.00) on shares of Camping World in a research report on Friday, April 4th. KeyCorp lowered their target price on Camping World from $27.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Bank of America initiated coverage on Camping World in a research note on Thursday, December 19th. They set a "buy" rating and a $30.00 price target for the company. Truist Financial increased their price objective on shares of Camping World from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Baird R W lowered shares of Camping World from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $25.88.
Read Our Latest Research Report on CWH
Camping World Price Performance
Shares of NYSE CWH traded down $0.74 during midday trading on Friday, reaching $12.21. The stock had a trading volume of 2,139,876 shares, compared to its average volume of 1,296,759. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -17.69, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32. Camping World Holdings, Inc. has a 12-month low of $11.81 and a 12-month high of $25.97. The stock has a 50-day moving average of $18.13 and a 200-day moving average of $21.12. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.
Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.55). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. As a group, research analysts anticipate that Camping World Holdings, Inc. will post -0.66 EPS for the current fiscal year.
Camping World Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a yield of 4.10%. Camping World's dividend payout ratio is presently -65.79%.
Camping World Company Profile
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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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