Maverick Capital Ltd. Cuts Stock Holdings in Camping World $CWH

Maverick Capital Ltd. lowered its stake in shares of Camping World (NYSE:CWH) by 91.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,663 shares of the company’s stock after selling 420,761 shares during the quarter. Maverick Capital Ltd.’s holdings in Camping World were worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Camping World by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company’s stock valued at $58,585,000 after acquiring an additional 190,557 shares in the last quarter. Eminence Capital LP grew its stake in shares of Camping World by 45.8% in the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock worth $56,238,000 after acquiring an additional 1,815,042 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Camping World by 12.8% in the 4th quarter. Capital Research Global Investors now owns 4,191,781 shares of the company’s stock worth $40,786,000 after acquiring an additional 476,135 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings 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 valued at $55,374,000 after purchasing an additional 490,245 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Camping World by 31.0% in the fourth quarter. State Street Corp now owns 1,974,266 shares of the company’s stock valued at $19,210,000 after purchasing an additional 467,630 shares during the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Trading Down 3.7%

NYSE CWH opened at $6.05 on Thursday. The business’s fifty day moving average is $7.00 and its 200-day moving average is $8.39. The company has a debt-to-equity ratio of 4.30, a current ratio of 1.17 and a quick ratio of 0.23. The stock has a market capitalization of $623.09 million, a price-to-earnings ratio of -4.06 and a beta of 2.04. Camping World has a one year low of $5.49 and a one year high of $18.34.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts predict that Camping World will post 0.33 EPS for the current year.

Analysts Set New Price Targets

CWH has been the topic of several analyst reports. Weiss Ratings cut shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Truist Financial decreased their price objective on shares of Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Raymond James Financial set a $10.00 target price on shares of Camping World in a research report on Friday, May 1st. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Citigroup reduced their target price on Camping World from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Camping World Company 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.