Princeton Global Asset Management LLC purchased a new stake in shares of Camping World Holdings Inc (NYSE:CWH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,231 shares of the company’s stock, valued at approximately $152,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in Camping World by 1,706.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,667 shares of the company’s stock valued at $172,000 after acquiring an additional 3,464 shares during the period. Pearl River Capital LLC purchased a new position in Camping World in the fourth quarter worth about $42,000. Tower Research Capital LLC TRC raised its holdings in Camping World by 156,866.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,709 shares of the company’s stock worth $100,000 after buying an additional 4,706 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in Camping World in the fourth quarter worth about $115,000. Finally, Camelot Portfolios LLC purchased a new position in Camping World in the fourth quarter worth about $115,000. 41.70% of the stock is owned by institutional investors.
In related news, major shareholder Abrams Capital Management, L.P bought 56,650 shares of the stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average price of $12.96 per share, with a total value of $734,184.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marcus Lemonis bought 99,094 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $13.27 per share, for a total transaction of $1,314,977.38. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 185,648 shares of company stock valued at $2,406,215. Company insiders own 49.40% of the company’s stock.
Camping World (NYSE:CWH) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.38). The firm had revenue of $982.39 million during the quarter, compared to the consensus estimate of $973.80 million. Camping World had a return on equity of 135.20% and a net margin of 0.31%. Sell-side analysts predict that Camping World Holdings Inc will post 1.59 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.21%. Camping World’s payout ratio is currently 28.57%.
A number of analysts have recently commented on the stock. Monness Crespi & Hardt reiterated a “buy” rating and issued a $19.00 price target (down from $24.00) on shares of Camping World in a research note on Monday, March 4th. BMO Capital Markets reduced their price target on shares of Camping World from $36.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Credit Suisse Group lowered shares of Camping World from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $41.80 to $18.50 in a research note on Friday, March 1st. Goldman Sachs Group lowered shares of Camping World from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $28.00 to $15.00 in a research note on Tuesday, March 19th. Finally, Zacks Investment Research lowered shares of Camping World from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Camping World has a consensus rating of “Hold” and an average target price of $23.42.
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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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