Vanguard Group Inc. Sells 104,925 Shares of Camping World $CWH

Vanguard Group Inc. reduced its stake in Camping World (NYSE:CWH) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,830,479 shares of the company’s stock after selling 104,925 shares during the quarter. Vanguard Group Inc. owned about 5.71% of Camping World worth $92,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CWH. Eminence Capital LP increased its position in shares of Camping World by 123.3% in the 2nd quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after acquiring an additional 2,283,331 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Camping World by 18.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock worth $55,374,000 after buying an additional 490,245 shares during the last quarter. Crestview Partners II GP L.P. grew its holdings in Camping World by 0.4% during the second quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company’s stock worth $33,026,000 after acquiring an additional 6,913 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Camping World by 8.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company’s stock valued at $24,563,000 after acquiring an additional 108,565 shares during the period. Finally, Geode Capital Management LLC boosted its position in Camping World by 5.7% during the second quarter. Geode Capital Management LLC now owns 1,416,074 shares of the company’s stock worth $24,346,000 after purchasing an additional 76,441 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Stock Up 1.4%

Shares of NYSE CWH opened at $7.76 on Friday. The stock has a market cap of $793.77 million, a P/E ratio of -5.39 and a beta of 2.15. The business’s fifty day simple moving average is $11.65 and its 200-day simple moving average is $13.25. Camping World has a 12-month low of $7.47 and a 12-month high of $19.64. The company has a current ratio of 1.20, a quick ratio of 0.27 and a debt-to-equity ratio of 4.14.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($0.10). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Camping World had a negative return on equity of 3.29% and a negative net margin of 1.41%.The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.47) EPS. As a group, equities analysts predict that Camping World will post -0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on CWH shares. KeyCorp cut their price objective on Camping World from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Zacks Research downgraded shares of Camping World from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. BMO Capital Markets dropped their price objective on shares of Camping World from $22.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Weiss Ratings restated a “sell (d)” rating on shares of Camping World in a report on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating and set a $16.00 price target (down from $18.00) on shares of Camping World in a research report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.80.

Camping World Profile

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.