New York State Common Retirement Fund raised its stake in Camping World Holdings Inc (NYSE:CWH) by 20.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,100 shares of the company’s stock after buying an additional 6,000 shares during the period. New York State Common Retirement Fund’s holdings in Camping World were worth $1,132,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWH. Schwab Charles Investment Management Inc. grew its position in shares of Camping World by 39.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 149,329 shares of the company’s stock valued at $6,680,000 after buying an additional 42,426 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Camping World in the 4th quarter valued at about $464,000. California Public Employees Retirement System grew its position in shares of Camping World by 13.7% in the 4th quarter. California Public Employees Retirement System now owns 10,800 shares of the company’s stock valued at $483,000 after buying an additional 1,300 shares during the last quarter. Swiss National Bank grew its position in shares of Camping World by 42.1% in the 4th quarter. Swiss National Bank now owns 50,600 shares of the company’s stock valued at $2,263,000 after buying an additional 15,000 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Camping World by 444.9% in the 4th quarter. Sei Investments Co. now owns 126,084 shares of the company’s stock valued at $5,640,000 after buying an additional 102,947 shares during the last quarter. Hedge funds and other institutional investors own 44.69% of the company’s stock.
In other Camping World news, insider Marcus Lemonis bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were bought at an average price of $21.29 per share, for a total transaction of $212,900.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Andris A. Baltins bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were acquired at an average price of $21.70 per share, for a total transaction of $108,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 48,000 shares of company stock worth $997,280. 49.20% of the stock is owned by corporate insiders.
Shares of Camping World opened at $24.98 on Friday, MarketBeat.com reports. Camping World Holdings Inc has a one year low of $18.16 and a one year high of $47.62. The company has a debt-to-equity ratio of 13.09, a quick ratio of 0.38 and a current ratio of 1.47. The stock has a market cap of $2.12 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 0.67 and a beta of 2.53.
Camping World (NYSE:CWH) last announced its earnings results on Tuesday, May 8th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Camping World had a negative net margin of 0.50% and a positive return on equity of 165.19%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. equities research analysts expect that Camping World Holdings Inc will post 2.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, June 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.28%. Camping World’s payout ratio is 13.97%.
A number of equities research analysts have commented on the company. Credit Suisse Group set a $42.00 price target on Camping World and gave the company a “buy” rating in a research report on Tuesday, June 12th. ValuEngine upgraded Camping World from a “strong sell” rating to a “sell” rating in a research report on Friday, June 8th. BMO Capital Markets reduced their price target on Camping World from $62.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 9th. Robert W. Baird reduced their price target on Camping World from $52.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 9th. Finally, Monness Crespi & Hardt reduced their price target on Camping World from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $43.67.
Camping World Profile
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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