Capital Research Global Investors Acquires 476,135 Shares of Camping World $CWH

Capital Research Global Investors increased its holdings in Camping World (NYSE:CWH) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,191,781 shares of the company’s stock after purchasing an additional 476,135 shares during the quarter. Capital Research Global Investors owned approximately 4.10% of Camping World worth $40,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CWH. Goldman Sachs Group Inc. grew its stake in shares of Camping World by 86.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock worth $19,173,000 after purchasing an additional 914,421 shares during the last quarter. Bank of America Corp DE lifted its holdings in Camping World by 128.1% in the third quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock worth $21,250,000 after buying an additional 755,665 shares during the period. BNP Paribas Financial Markets boosted its position in Camping World by 94.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock valued at $14,815,000 after acquiring an additional 741,263 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Camping World by 18.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after acquiring an additional 490,245 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in Camping World during the 3rd quarter valued at approximately $6,663,000. 52.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings cut Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. BMO Capital Markets cut their price objective on Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Monness Crespi & Hardt cut their price objective on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, KeyCorp cut their price objective on Camping World from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Camping World presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.22.

Camping World Price Performance

CWH stock opened at $7.30 on Wednesday. The firm has a 50 day moving average price of $7.10 and a 200-day moving average price of $9.29. Camping World has a 52-week low of $5.70 and a 52-week high of $19.64. The firm has a market capitalization of $752.24 million, a price-to-earnings ratio of -4.90 and a beta of 2.05. The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.10. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business earned ($0.16) earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. Equities research analysts forecast that Camping World will post 0.33 EPS for the current fiscal year.

Camping World Profile

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.