BNP Paribas Financial Markets Raises Stake in Camping World $CWH

BNP Paribas Financial Markets boosted its position in Camping World (NYSE:CWH) by 94.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,522,570 shares of the company’s stock after purchasing an additional 741,263 shares during the period. BNP Paribas Financial Markets’ holdings in Camping World were worth $14,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CWH. Quarry LP boosted its stake in Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after buying an additional 1,502 shares in the last quarter. State of Wyoming purchased a new stake in Camping World in the third quarter worth approximately $43,000. Aster Capital Management DIFC Ltd purchased a new stake in Camping World in the third quarter worth approximately $83,000. Russell Investments Group Ltd. boosted its stake in Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after buying an additional 4,998 shares in the last quarter. Finally, MGO One Seven LLC purchased a new stake in Camping World in the fourth quarter worth approximately $107,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Stock Performance

Shares of CWH stock opened at $6.43 on Friday. The stock has a fifty day moving average of $7.10 and a 200 day moving average of $9.34. 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 $661.92 million, a price-to-earnings ratio of -4.31 and a beta of 2.05. The company has a quick ratio of 0.23, a current ratio of 1.17 and a debt-to-equity ratio of 4.30.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CWH. KeyCorp dropped their price objective on Camping World from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. BMO Capital Markets dropped their price objective on Camping World from $22.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Raymond James Financial set a $10.00 price objective on Camping World in a research note on Friday, May 1st. Finally, Wall Street Zen raised Camping World from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Camping World currently has a consensus rating of “Moderate Buy” and an average target price of $15.22.

About Camping World

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.