Scott & Selber Inc. Invests $1.40 Million in Camping World Holdings Inc. (CWH) Stock
Scott & Selber Inc. purchased a new position in Camping World Holdings Inc. (NYSE:CWH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,467 shares of the company’s stock, valued at approximately $1,404,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc increased its position in Camping World Holdings by 6.7% in the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Camping World Holdings in the second quarter worth $111,000. Affinity Investment Advisors LLC bought a new stake in Camping World Holdings in the second quarter worth $208,000. American International Group Inc. bought a new stake in Camping World Holdings in the first quarter worth $233,000. Finally, Alliancebernstein L.P. bought a new stake in Camping World Holdings in the first quarter worth $251,000. Institutional investors own 31.63% of the company’s stock.
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In other Camping World Holdings news, CEO Marcus Lemonis sold 700,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $40.50, for a total value of $28,350,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas F. Wolfe sold 17,529 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $37.32, for a total transaction of $654,182.28. Following the completion of the transaction, the chief financial officer now owns 62,529 shares of the company’s stock, valued at $2,333,582.28. The disclosure for this sale can be found here. Insiders sold 8,239,274 shares of company stock valued at $332,471,945 over the last quarter. 66.60% of the stock is currently owned by corporate insiders.
Camping World Holdings Inc. (NYSE CWH) traded down $0.89 during trading hours on Friday, reaching $41.03. 1,064,500 shares of the company were exchanged, compared to its average volume of 1,009,318. Camping World Holdings Inc. has a 52 week low of $22.32 and a 52 week high of $45.84. The stock has a market capitalization of $3,584.34 and a price-to-earnings ratio of 19.26. The company has a current ratio of 1.34, a quick ratio of 0.38 and a debt-to-equity ratio of 3.20.
Camping World Holdings (NYSE:CWH) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.11. Camping World Holdings had a net margin of 1.20% and a return on equity of 206.41%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. sell-side analysts predict that Camping World Holdings Inc. will post 2.17 EPS for the current fiscal year.
CWH has been the topic of several research reports. Robert W. Baird restated a “buy” rating and issued a $40.00 price target on shares of Camping World Holdings in a research report on Friday, October 27th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $48.00 price objective (up from $37.00) on shares of Camping World Holdings in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Camping World Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $47.00 price objective (up from $40.00) on shares of Camping World Holdings in a research note on Tuesday, October 24th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Camping World Holdings in a research note on Wednesday, August 30th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $43.11.
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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