South Dakota Investment Council raised its holdings in shares of Camping World Holdings Inc (NYSE:CWH) by 30.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,500 shares of the company’s stock after acquiring an additional 45,000 shares during the period. South Dakota Investment Council owned approximately 0.22% of Camping World worth $2,391,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in CWH. Northern Trust Corp increased its holdings in shares of Camping World by 0.6% during the second quarter. Northern Trust Corp now owns 408,299 shares of the company’s stock valued at $5,071,000 after purchasing an additional 2,301 shares during the period. Bank of New York Mellon Corp grew its position in Camping World by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 483,446 shares of the company’s stock valued at $6,005,000 after buying an additional 12,747 shares in the last quarter. M&T Bank Corp increased its stake in Camping World by 49.3% during the 2nd quarter. M&T Bank Corp now owns 17,046 shares of the company’s stock valued at $212,000 after buying an additional 5,628 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Camping World by 3.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 190,891 shares of the company’s stock valued at $2,371,000 after buying an additional 6,940 shares during the period. Finally, Abrams Capital Management L.P. increased its stake in Camping World by 29.5% during the 2nd quarter. Abrams Capital Management L.P. now owns 5,108,808 shares of the company’s stock valued at $63,451,000 after buying an additional 1,163,446 shares during the period. Institutional investors own 40.83% of the company’s stock.
CWH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Camping World from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $11.00 in a research note on Thursday, August 8th. Northcoast Research lowered shares of Camping World from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. Monness Crespi & Hardt reissued a “buy” rating and set a $14.00 target price (down previously from $19.00) on shares of Camping World in a report on Thursday, August 8th. BMO Capital Markets cut their target price on Camping World from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Friday, August 9th. Finally, Bank of America cut their target price on Camping World from $10.00 to $7.00 and set an “underperform” rating for the company in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Camping World presently has a consensus rating of “Hold” and an average target price of $13.14.
Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.19). Camping World had a negative net margin of 0.37% and a negative return on equity of 9.12%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $0.96 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Camping World Holdings Inc will post -0.26 EPS for the current year.
The firm also recently announced a None dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.153 per share. This represents a yield of 4.3%. The ex-dividend date is Friday, September 13th. Camping World’s dividend payout ratio is presently 28.57%.
In related news, major shareholder Abrams Capital Management, L.P acquired 43,110 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was bought at an average price of $8.01 per share, for a total transaction of $345,311.10. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andris A. Baltins acquired 20,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $9.02 per share, with a total value of $180,400.00. Following the transaction, the director now directly owns 44,204 shares in the company, valued at approximately $398,720.08. The disclosure for this purchase can be found here. Insiders have purchased 452,148 shares of company stock valued at $3,506,492 over the last 90 days. 49.40% of the stock is currently owned by insiders.
Camping World Company 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.
Further Reading: Sell-Side Analysts
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