Wellington Management Group LLP lowered its holdings in shares of Camping World Holdings Inc (NYSE:CWH) by 85.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,438 shares of the company’s stock after selling 263,538 shares during the quarter. Wellington Management Group LLP owned 0.05% of Camping World worth $253,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Swiss National Bank raised its position in shares of Camping World by 1.4% during the 1st quarter. Swiss National Bank now owns 65,300 shares of the company’s stock valued at $372,000 after buying an additional 900 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Camping World by 13.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,357 shares of the company’s stock worth $110,000 after acquiring an additional 2,290 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Camping World during the fourth quarter worth approximately $55,000. Charles Schwab Investment Management Inc. raised its position in Camping World by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,623 shares of the company’s stock valued at $2,958,000 after purchasing an additional 4,155 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of Camping World in the 4th quarter valued at approximately $18,228,000. 38.53% of the stock is owned by institutional investors and hedge funds.
In other news, President Brent L. Moody purchased 1,500 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $22.01 per share, with a total value of $33,015.00. Following the completion of the transaction, the president now owns 273,968 shares in the company, valued at approximately $6,030,035.68. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Marcus Lemonis purchased 23,500 shares of the stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $21.27 per share, for a total transaction of $499,845.00. Following the completion of the acquisition, the chief executive officer now directly owns 447,423 shares in the company, valued at approximately $9,516,687.21. The disclosure for this purchase can be found here. Over the last three months, insiders bought 41,419 shares of company stock valued at $883,096. Corporate insiders own 49.80% of the company’s stock.
NYSE CWH opened at $27.16 on Wednesday. Camping World Holdings Inc has a one year low of $3.40 and a one year high of $28.70. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -18.48 and a beta of 4.04. The company’s 50-day simple moving average is $22.02 and its two-hundred day simple moving average is $14.29.
Camping World (NYSE:CWH) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $976.54 million. Camping World had a negative net margin of 1.02% and a negative return on equity of 14,187.62%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm earned ($0.67) earnings per share. As a group, equities research analysts expect that Camping World Holdings Inc will post 0.05 earnings per share for the current year.
The business also recently declared a None dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.153 dividend. The ex-dividend date was Friday, June 12th. This represents a dividend yield of 1.8%. Camping World’s dividend payout ratio is presently -49.23%.
CWH has been the topic of several recent research reports. Zacks Investment Research lowered Camping World from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Northcoast Research downgraded shares of Camping World from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 8th. ValuEngine cut shares of Camping World from a “buy” rating to a “hold” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of Camping World from $11.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, June 19th. Finally, Monness Crespi & Hardt raised their price objective on shares of Camping World from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.20.
Camping World Profile
Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.
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