Swiss National Bank lifted its position in shares of Camping World Holdings Inc (NYSE:CWH) by 42.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,600 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Swiss National Bank’s holdings in Camping World were worth $2,263,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp purchased a new position in shares of Camping World during the 4th quarter valued at $203,000. Sawgrass Asset Management LLC purchased a new position in shares of Camping World during the 3rd quarter valued at $203,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Camping World during the 4th quarter valued at $269,000. Legal & General Group Plc lifted its stake in shares of Camping World by 85.9% during the 3rd quarter. Legal & General Group Plc now owns 6,233 shares of the company’s stock valued at $252,000 after buying an additional 2,880 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Camping World during the 4th quarter valued at $281,000. Institutional investors own 42.25% of the company’s stock.
In other news, insider Brent L. Moody sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $45.47, for a total value of $4,547,000.00. Following the sale, the insider now directly owns 193,494 shares in the company, valued at approximately $8,798,172.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Roger L. Nuttall sold 33,555 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $45.78, for a total transaction of $1,536,147.90. Following the completion of the sale, the insider now owns 156,055 shares in the company, valued at $7,144,197.90. The disclosure for this sale can be found here. Insiders own 66.60% of the company’s stock.
Camping World (NYSE:CWH) last posted its earnings results on Tuesday, February 27th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Camping World had a negative net margin of 0.42% and a positive return on equity of 88.85%. The firm had revenue of $888.99 million for the quarter, compared to the consensus estimate of $804.84 million. research analysts anticipate that Camping World Holdings Inc will post 2.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.85%. Camping World’s dividend payout ratio (DPR) is presently 1,600.80%.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Camping World from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine downgraded shares of Camping World from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Robert W. Baird reiterated a “buy” rating and issued a $50.00 price target on shares of Camping World in a report on Friday, December 22nd. Northcoast Research assumed coverage on shares of Camping World in a report on Friday, January 26th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Forward View reiterated a “buy” rating and issued a $45.00 price target on shares of Camping World in a report on Monday, November 13th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $49.38.
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Camping World Profile
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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