Truvestments Capital LLC Reduces Holdings in Camping World Holdings, Inc. (NYSE:CWH)

Truvestments Capital LLC cut its position in Camping World Holdings, Inc. (NYSE:CWH) by 86.7% in the first quarter, Holdings Channel reports. The firm owned 9,794 shares of the company’s stock after selling 64,122 shares during the period. Truvestments Capital LLC’s holdings in Camping World were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in shares of Camping World during the fourth quarter worth about $35,000. Russell Investments Group Ltd. lifted its position in Camping World by 6,495.0% during the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after acquiring an additional 3,897 shares during the period. Advisory Services Network LLC purchased a new position in shares of Camping World in the 4th quarter valued at approximately $172,000. ProShare Advisors LLC acquired a new position in shares of Camping World in the first quarter valued at approximately $209,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Camping World during the fourth quarter worth approximately $207,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Analyst Ratings Changes

CWH has been the topic of a number of analyst reports. StockNews.com lowered shares of Camping World from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. KeyCorp dropped their price target on shares of Camping World from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Roth Mkm restated a “buy” rating and issued a $28.00 price objective (down previously from $30.00) on shares of Camping World in a research report on Friday, May 3rd. Truist Financial dropped their target price on shares of Camping World from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Monness Crespi & Hardt lowered their price target on shares of Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and an average price target of $26.88.

Camping World Trading Up 4.7 %

Shares of NYSE CWH traded up $1.00 during midday trading on Friday, reaching $22.48. 909,402 shares of the stock were exchanged, compared to its average volume of 988,428. The company has a current ratio of 1.19, a quick ratio of 0.17 and a debt-to-equity ratio of 11.24. The company has a market capitalization of $1.90 billion, a P/E ratio of -561.86 and a beta of 2.54. The stock has a 50 day moving average price of $19.53 and a 200-day moving average price of $22.88. Camping World Holdings, Inc. has a 52-week low of $16.18 and a 52-week high of $32.54.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, May 1st. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.01). Camping World had a negative return on equity of 2.39% and a net margin of 0.09%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Equities research analysts expect that Camping World Holdings, Inc. will post 0.79 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.22%. Camping World’s dividend payout ratio is presently -1,249.69%.

About Camping World

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.