Tower Research Capital LLC TRC Reduces Holdings in Camping World Holdings, Inc. (NYSE:CWH)

Tower Research Capital LLC TRC lowered its position in shares of Camping World Holdings, Inc. (NYSE:CWH) by 74.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,631 shares of the company’s stock after selling 4,742 shares during the period. Tower Research Capital LLC TRC’s holdings in Camping World were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Camping World during the fourth quarter worth approximately $172,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Camping World during the fourth quarter worth approximately $832,000. Kingsview Wealth Management LLC grew its position in shares of Camping World by 479.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 172,618 shares of the company’s stock worth $4,533,000 after buying an additional 142,846 shares in the last quarter. Bedel Financial Consulting Inc. acquired a new stake in shares of Camping World during the fourth quarter worth approximately $255,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Camping World by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,349 shares of the company’s stock worth $13,087,000 after buying an additional 28,569 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Stock Performance

Shares of NYSE CWH traded up $0.03 during midday trading on Thursday, reaching $20.13. 1,766,818 shares of the company traded hands, compared to its average volume of 972,815. Camping World Holdings, Inc. has a 52 week low of $16.18 and a 52 week high of $32.88. The stock has a 50-day moving average price of $25.09 and a 200 day moving average price of $23.80. The company has a debt-to-equity ratio of 7.55, a current ratio of 1.21 and a quick ratio of 0.16. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 38.64 and a beta of 2.67.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.06. Camping World had a net margin of 0.50% and a return on equity of 16.62%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business earned ($0.33) earnings per share. The company’s revenue was down 13.4% on a year-over-year basis. Sell-side analysts anticipate that Camping World Holdings, Inc. will post 1.06 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s dividend payout ratio is currently 96.16%.

Insider Activity at Camping World

In related news, CEO Marcus Lemonis sold 100,000 shares of Camping World stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the sale, the chief executive officer now directly owns 405,268 shares in the company, valued at $10,387,018.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 43.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CWH shares. Citigroup raised their price target on shares of Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Stephens reaffirmed an “overweight” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Camping World in a report on Wednesday, January 17th. Truist Financial lifted their price objective on shares of Camping World from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. StockNews.com downgraded shares of Camping World from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, KeyCorp lifted their price objective on shares of Camping World from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.64.

Camping World Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.