Burkehill Global Management LP Takes Position in Camping World Holdings, Inc. (NYSE:CWH)

Burkehill Global Management LP purchased a new position in shares of Camping World Holdings, Inc. (NYSE:CWH) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 750,000 shares of the company’s stock, valued at approximately $15,810,000. Camping World accounts for about 1.5% of Burkehill Global Management LP’s investment portfolio, making the stock its 21st biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC increased its position in Camping World by 5,647.8% during the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock worth $32,000 after buying an additional 1,299 shares during the period. Blue Trust Inc. grew its stake in shares of Camping World by 195.0% in the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock valued at $32,000 after acquiring an additional 1,014 shares in the last quarter. Truvestments Capital LLC bought a new position in Camping World during the third quarter worth about $165,000. AlphaQuest LLC raised its stake 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 purchasing an additional 6,543 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in Camping World in the 3rd quarter valued at about $214,000. 52.54% of the stock is currently owned by institutional investors.

Insider Transactions at Camping World

In related news, President Matthew D. Wagner purchased 5,725 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, with a total value of $100,817.25. Following the acquisition, the president now owns 300,640 shares of the company’s stock, valued at $5,294,270.40. This trade represents a 1.94 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 43.80% of the company’s stock.

Camping World Stock Performance

Shares of NYSE:CWH opened at $16.49 on Thursday. Camping World Holdings, Inc. has a 1 year low of $15.39 and a 1 year high of $28.33. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -23.90, a price-to-earnings-growth ratio of 0.92 and a beta of 2.57. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The company’s 50 day simple moving average is $21.46 and its 200 day simple moving average is $22.37.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, meeting 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 company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, research analysts predict that Camping World Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, March 14th. Camping World’s payout ratio is -65.79%.

Analysts Set New Price Targets

CWH has been the topic of several recent research reports. Bank of America initiated coverage on shares of Camping World in a report on Thursday, December 19th. They set a “buy” rating and a $30.00 target price on the stock. Truist Financial raised their price objective on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, StockNews.com upgraded Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.71.

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.