Camping World (CWH) Trading Up 7.8% After Insider Buying Activity

Camping World Holdings Inc (NYSE:CWH)’s share price was up 7.8% on Tuesday following insider buying activity. The company traded as high as $12.46 and last traded at $12.25. Approximately 1,278,976 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 953,690 shares. The stock had previously closed at $11.36.

Specifically, major shareholder Abrams Capital Management, L.P bought 525,723 shares of Camping World stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $11.98 per share, with a total value of $6,298,161.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marcus Lemonis bought 100,000 shares of Camping World stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $11.24 per share, with a total value of $1,124,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,724,817 shares of company stock valued at $21,400,091. Corporate insiders own 49.40% of the company’s stock.

CWH has been the subject of several recent research reports. Citigroup set a $16.00 target price on shares of Camping World and gave the stock a “buy” rating in a report on Friday, March 22nd. Jefferies Financial Group initiated coverage on shares of Camping World in a report on Thursday, March 28th. They set a “hold” rating and a $15.00 target price for the company. Credit Suisse Group reduced their target price on shares of Camping World from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 8th. Goldman Sachs Group cut shares of Camping World from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $28.00 to $15.00 in a report on Tuesday, March 19th. Finally, Zacks Investment Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.86.

The stock has a market cap of $998.53 million, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.62 and a beta of 2.70. The company has a debt-to-equity ratio of 264.05, a quick ratio of 0.25 and a current ratio of 1.35.

Camping World (NYSE:CWH) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.38). The firm had revenue of $982.39 million for the quarter, compared to analyst estimates of $973.80 million. Camping World had a negative net margin of 0.16% and a positive return on equity of 85.77%. On average, research analysts forecast that Camping World Holdings Inc will post 1.59 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CWH. Pearl River Capital LLC acquired a new stake in Camping World during the fourth quarter valued at $42,000. Ladenburg Thalmann Financial Services Inc. grew its position in Camping World by 36.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,957 shares of the company’s stock valued at $55,000 after buying an additional 1,058 shares during the period. BNP Paribas Arbitrage SA grew its position in Camping World by 52,007.7% during the first quarter. BNP Paribas Arbitrage SA now owns 6,774 shares of the company’s stock valued at $94,000 after buying an additional 6,761 shares during the period. Hodges Capital Management Inc. acquired a new stake in Camping World during the fourth quarter valued at $115,000. Finally, Camelot Portfolios LLC acquired a new stake in Camping World during the fourth quarter valued at $115,000. Institutional investors own 41.64% of the company’s stock.

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About Camping World (NYSE:CWH)

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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