Capital Research Global Investors Grows Stock Holdings in Camping World $CWH

Capital Research Global Investors grew its holdings in shares of Camping World (NYSE:CWH) by 12.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,191,781 shares of the company’s stock after acquiring an additional 476,135 shares during the period. Capital Research Global Investors’ holdings in Camping World were worth $40,786,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of Camping World by 2,275.8% during the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after purchasing an additional 1,502 shares during the last quarter. State of Wyoming purchased a new position in shares of Camping World during the third quarter valued at approximately $43,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Camping World during the third quarter valued at approximately $83,000. Russell Investments Group Ltd. raised its holdings in Camping World by 923.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after acquiring an additional 4,998 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Camping World in the 3rd quarter worth approximately $109,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CWH shares. Wall Street Zen upgraded shares of Camping World from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Monness Crespi & Hardt decreased their price objective on shares of Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings lowered shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. BMO Capital Markets decreased their price objective on shares of Camping World from $22.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, Truist Financial decreased their price objective on shares of Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and an average price target of $15.22.

Camping World Price Performance

Shares of CWH opened at $7.30 on Wednesday. The firm has a market cap of $752.24 million, a PE ratio of -4.90 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30. The firm has a fifty day simple moving average of $7.10 and a two-hundred day simple moving average of $9.29. Camping World has a 1-year low of $5.70 and a 1-year high of $19.64.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) EPS. On average, equities analysts anticipate that Camping World will post 0.33 EPS for the current year.

Camping World Profile

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.