Ronna Sue Cohen purchased a new stake in Camping World Holdings Inc (NYSE:CWH) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,970 shares of the company’s stock, valued at approximately $1,302,000.
A number of other hedge funds also recently bought and sold shares of CWH. Third Point LLC acquired a new position in shares of Camping World in the second quarter worth approximately $70,568,000. Wasatch Advisors Inc. acquired a new position in Camping World in the second quarter valued at approximately $49,535,000. J. L. Bainbridge & Co. Inc. acquired a new position in Camping World in the second quarter valued at approximately $22,520,000. Cortina Asset Management LLC lifted its stake in Camping World by 576.3% in the second quarter. Cortina Asset Management LLC now owns 727,924 shares of the company’s stock valued at $18,184,000 after buying an additional 620,294 shares during the period. Finally, Millennium Management LLC lifted its stake in Camping World by 62.0% in the first quarter. Millennium Management LLC now owns 1,510,351 shares of the company’s stock valued at $48,709,000 after buying an additional 578,046 shares during the period. 54.41% of the stock is owned by institutional investors and hedge funds.
Shares of CWH opened at $19.00 on Wednesday. Camping World Holdings Inc has a 52-week low of $16.40 and a 52-week high of $47.62. The stock has a market cap of $1.67 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.72 and a beta of 1.91. The company has a debt-to-equity ratio of 9.93, a quick ratio of 0.35 and a current ratio of 1.43.
Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.12). The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Camping World had a negative net margin of 0.30% and a positive return on equity of 211.54%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. As a group, research analysts expect that Camping World Holdings Inc will post 2.26 EPS for the current year.
In other news, CEO Marcus Lemonis acquired 25,000 shares of Camping World stock in a transaction dated Friday, September 14th. The shares were purchased at an average cost of $19.74 per share, for a total transaction of $493,500.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 49.20% of the stock is currently owned by corporate insiders.
CWH has been the topic of several recent analyst reports. Stephens reissued a “buy” rating and issued a $37.00 price target on shares of Camping World in a research note on Thursday, August 9th. Northcoast Research set a $28.00 target price on Camping World and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, August 6th. JPMorgan Chase & Co. decreased their price target on Camping World from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, August 15th. Finally, BMO Capital Markets decreased their price target on Camping World from $42.00 to $36.00 and set a “positive” rating for the company in a report on Tuesday, August 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $39.58.
About Camping World
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co-branded credit cards; vehicle financing and refinancing; club memberships; and publications and directories.
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