Geode Capital Management LLC lifted its stake in Camping World (NYSE:CWH) by 46.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,705 shares of the company’s stock after acquiring an additional 80,033 shares during the period. Geode Capital Management LLC owned approximately 0.29% of Camping World worth $11,214,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Meridian Investment Counsel Inc. bought a new position in shares of Camping World in the fourth quarter worth $201,000. M&T Bank Corp bought a new position in shares of Camping World in the fourth quarter worth $203,000. Legal & General Group Plc boosted its holdings in shares of Camping World by 85.9% in the third quarter. Legal & General Group Plc now owns 6,233 shares of the company’s stock worth $252,000 after acquiring an additional 2,880 shares during the period. Quantitative Systematic Strategies LLC bought a new position in shares of Camping World in the fourth quarter worth $269,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of Camping World in the fourth quarter worth $281,000. 42.80% of the stock is owned by hedge funds and other institutional investors.
In other Camping World news, CEO Marcus Lemonis sold 130,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $35.51, for a total transaction of $4,616,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 66.60% of the company’s stock.
Shares of CWH stock opened at $30.93 on Friday. Camping World has a 52-week low of $26.30 and a 52-week high of $47.62. The company has a current ratio of 1.36, a quick ratio of 0.29 and a debt-to-equity ratio of 9.99. The firm has a market capitalization of $2,841.26, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 0.84 and a beta of 2.83.
Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Camping World had a positive return on equity of 384.26% and a negative net margin of 0.42%. The business had revenue of $888.99 million for the quarter, compared to the consensus estimate of $804.84 million. analysts predict that Camping World will post 2.9 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. Camping World’s payout ratio is 13.97%.
A number of research firms have recently commented on CWH. ValuEngine raised Camping World from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. KeyCorp set a $52.00 price objective on Camping World and gave the stock a “buy” rating in a research report on Wednesday, February 28th. BMO Capital Markets increased their price objective on Camping World from $53.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, March 1st. Credit Suisse Group set a $52.00 price objective on Camping World and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research downgraded Camping World from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.38.
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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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