Insider Buying: Camping World Holdings Inc (NYSE:CWH) Major Shareholder Purchases $345,311.10 in Stock

Camping World Holdings Inc (NYSE:CWH) major shareholder Abrams Capital Management, L.P purchased 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, with a total value of $345,311.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Abrams Capital Management, L.P also recently made the following trade(s):

  • On Thursday, May 23rd, Abrams Capital Management, L.P purchased 44,468 shares of Camping World stock. The stock was bought at an average price of $11.04 per share, with a total value of $490,926.72.
  • On Tuesday, May 28th, Abrams Capital Management, L.P purchased 178,659 shares of Camping World stock. The stock was bought at an average price of $11.04 per share, with a total value of $1,972,395.36.

NYSE:CWH opened at $8.23 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.26 and a debt-to-equity ratio of 79.52. The firm has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $12.53. Camping World Holdings Inc has a twelve month low of $7.25 and a twelve month high of $23.60. The company has a market capitalization of $736.32 million, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 1.39 and a beta of 2.91.

Camping World (NYSE:CWH) last posted its earnings results 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 analysts’ expectations of $1.45 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Camping World Holdings Inc will post 0.53 earnings per share for the current year.

Several equities analysts have weighed in on the stock. Northcoast Research downgraded shares of Camping World from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. BMO Capital Markets dropped their target price on shares of Camping World from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Robert W. Baird downgraded shares of Camping World from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $12.00 in a report on Friday, July 26th. Bank of America downgraded shares of Camping World from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $15.00 to $13.00 in a report on Thursday, May 9th. Finally, Zacks Investment Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $13.68.

Institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC bought a new stake in shares of Camping World in the second quarter worth $2,206,000. OneAscent Financial Services LLC bought a new stake in shares of Camping World in the second quarter worth $199,000. CSat Investment Advisory L.P. bought a new stake in shares of Camping World in the second quarter worth $26,000. Cubist Systematic Strategies LLC bought a new stake in shares of Camping World in the second quarter worth $358,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Camping World in the second quarter worth $300,000. 41.83% of the stock is currently owned by institutional investors.

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.

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Insider Buying and Selling by Quarter for Camping World (NYSE:CWH)

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