Insider Selling: Camping World Holdings Inc. (CWH) Insider Sells $1,426,376.84 in Stock
Camping World Holdings Inc. (NYSE:CWH) insider Brent L. Moody sold 35,254 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.46, for a total transaction of $1,426,376.84. Following the completion of the transaction, the insider now directly owns 83,124 shares in the company, valued at $3,363,197.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Camping World Holdings Inc. (NYSE CWH) opened at 39.59 on Thursday. The stock’s 50 day moving average is $38.97 and its 200-day moving average is $38.97. Camping World Holdings Inc. has a 12 month low of $20.45 and a 12 month high of $41.27. The company’s market capitalization is $1.16 billion.
Camping World Holdings (NYSE:CWH) last issued its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.15. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.16 billion. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. Camping World Holdings’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, analysts expect that Camping World Holdings Inc. will post $2.12 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, September 14th. Camping World Holdings’s dividend payout ratio is presently 14.29%.
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A number of brokerages have issued reports on CWH. Robert W. Baird raised their price objective on shares of Camping World Holdings from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Forward View raised shares of Camping World Holdings from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. BMO Capital Markets raised their price objective on shares of Camping World Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. ValuEngine cut shares of Camping World Holdings from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Credit Suisse Group reissued a “buy” rating on shares of Camping World Holdings in a research report on Sunday. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Camping World Holdings has an average rating of “Buy” and a consensus price target of $37.21.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in Camping World Holdings by 6.7% during the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after acquiring an additional 211 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Camping World Holdings by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,680 shares of the company’s stock worth $360,000 after acquiring an additional 463 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Camping World Holdings by 16.0% during the first quarter. Nationwide Fund Advisors now owns 7,205 shares of the company’s stock worth $232,000 after acquiring an additional 993 shares in the last quarter. Rhumbline Advisers boosted its stake in Camping World Holdings by 17.4% during the second quarter. Rhumbline Advisers now owns 14,443 shares of the company’s stock worth $446,000 after acquiring an additional 2,145 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Camping World Holdings by 20.4% during the second quarter. New York State Common Retirement Fund now owns 13,000 shares of the company’s stock worth $401,000 after acquiring an additional 2,199 shares in the last quarter. 31.40% of the stock is currently owned by institutional investors and hedge funds.
About Camping World Holdings
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including 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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