Traders Purchase High Volume of Camping World Call Options (NYSE:CWH)

Camping World (NYSE:CWH) saw some unusual options trading activity on Thursday. Stock traders purchased 4,557 call options on the company. This represents an increase of 388% compared to the typical volume of 933 call options.

Hedge Funds Weigh In On Camping World

Several institutional investors and hedge funds have recently modified their holdings of CWH. Dimensional Fund Advisors LP lifted its position in Camping World by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock worth $7,358,000 after acquiring an additional 41,258 shares during the last quarter. Walleye Capital LLC raised its position in Camping World by 995.1% during the first quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock valued at $3,058,000 after purchasing an additional 406,852 shares in the last quarter. KBC Group NV acquired a new position in Camping World during the first quarter valued at approximately $2,003,000. Sei Investments Co. lifted its stake in Camping World by 44.7% during the first quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock worth $1,426,000 after purchasing an additional 64,495 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in Camping World by 189.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company’s stock worth $774,000 after purchasing an additional 74,200 shares during the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CWH. Bank of America reaffirmed a “buy” rating and issued a $14.00 target price on shares of Camping World in a report on Friday, July 31st. Northcoast Research set a $11.00 price objective on Camping World in a research note on Monday. Truist Financial reduced their price target on shares of Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Robert W. Baird set a $7.00 price target on shares of Camping World in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Ten analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.02.

Camping World Stock Up 4.3%

Camping World stock traded up $0.18 during mid-day trading on Thursday, reaching $4.54. The company’s stock had a trading volume of 474,564 shares, compared to its average volume of 2,659,316. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. The business’s 50 day simple moving average is $5.65 and its 200 day simple moving average is $6.50. The company has a market capitalization of $468.42 million, a price-to-earnings ratio of -2.93 and a beta of 2.15. Camping World has a 12 month low of $3.96 and a 12 month high of $17.15.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. Camping World’s revenue was down 2.1% on a year-over-year basis. As a group, research analysts anticipate that Camping World will post -0.06 earnings per share for the current year.

Camping World Company Profile

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.