Capital Research Global Investors Acquires 499,999 Shares of Camping World $CWH

Capital Research Global Investors boosted its stake in shares of Camping World (NYSE:CWHFree Report) by 15.5% during the third quarter, Holdings Channel reports. The fund owned 3,715,646 shares of the company’s stock after acquiring an additional 499,999 shares during the period. Capital Research Global Investors’ holdings in Camping World were worth $58,670,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CWH. Eminence Capital LP lifted its position in shares of Camping World by 123.3% during the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock worth $71,076,000 after purchasing an additional 2,283,331 shares in the last quarter. Walleye Capital LLC increased its holdings in shares of Camping World by 807.5% in the second quarter. Walleye Capital LLC now owns 587,149 shares of the company’s stock valued at $10,093,000 after purchasing an additional 522,449 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Camping World by 18.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock worth $55,374,000 after purchasing an additional 490,245 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Camping World by 724.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 547,384 shares of the company’s stock worth $9,410,000 after buying an additional 480,967 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in Camping World during the 3rd quarter worth $6,663,000. 52.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen cut Camping World from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Monness Crespi & Hardt cut their price target on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Roth Mkm reiterated a “buy” rating and issued a $16.00 price target (down from $18.00) on shares of Camping World in a report on Thursday, February 26th. Zacks Research lowered Camping World from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, KeyCorp dropped their price objective on Camping World from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Camping World presently has an average rating of “Moderate Buy” and an average price target of $15.80.

Read Our Latest Report on CWH

Camping World News Roundup

Here are the key news stories impacting Camping World this week:

Camping World Stock Performance

Shares of Camping World stock opened at $6.94 on Thursday. The firm has a fifty day moving average of $11.44 and a two-hundred day moving average of $12.94. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.23 and a current ratio of 1.20. The stock has a market capitalization of $710.20 million, a price-to-earnings ratio of -4.82 and a beta of 2.15. Camping World has a 52 week low of $6.80 and a 52 week high of $19.64.

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

About Camping World

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Camping World (NYSE:CWH)

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