Rhumbline Advisers Increases Stock Holdings in Camping World Holdings, Inc. (NYSE:CWH)

Rhumbline Advisers increased its holdings in shares of Camping World Holdings, Inc. (NYSE:CWH) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,138 shares of the company’s stock after buying an additional 3,099 shares during the quarter. Rhumbline Advisers’ holdings in Camping World were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CWH. Commonwealth Equity Services LLC increased its stake in shares of Camping World by 4.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock valued at $885,000 after acquiring an additional 1,323 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in Camping World during the fourth quarter worth approximately $35,000. Price T Rowe Associates Inc. MD increased its position in Camping World by 8.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock worth $545,000 after purchasing an additional 1,477 shares during the last quarter. Insight Advisors LLC PA boosted its holdings in shares of Camping World by 4.0% in the 1st quarter. Insight Advisors LLC PA now owns 93,271 shares of the company’s stock valued at $2,598,000 after purchasing an additional 3,588 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Camping World by 6,495.0% during the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after buying an additional 3,897 shares during the period. 52.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CWH shares. KeyCorp cut their target price on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Monness Crespi & Hardt reduced their price objective on Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. Truist Financial increased their target price on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Roth Mkm reduced their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.71.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of Camping World stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,546,321.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 43.80% of the company’s stock.

Camping World Stock Performance

Camping World stock opened at $24.35 on Monday. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19. Camping World Holdings, Inc. has a one year low of $16.18 and a one year high of $28.72. The stock’s 50 day moving average price is $21.70 and its 200 day moving average price is $21.73. The firm has a market capitalization of $2.06 billion, a PE ratio of -608.75 and a beta of 2.47.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company posted $0.60 earnings per share. Camping World’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, sell-side analysts expect that Camping World Holdings, Inc. will post -0.61 EPS for the current fiscal year.

Camping World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, September 13th. Camping World’s payout ratio is -1,250.00%.

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.