SFE Investment Counsel Sells 67,923 Shares of Camping World Holdings, Inc. (NYSE:CWH)

SFE Investment Counsel reduced its holdings in shares of Camping World Holdings, Inc. (NYSE:CWH) by 43.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,256 shares of the company’s stock after selling 67,923 shares during the quarter. SFE Investment Counsel’s holdings in Camping World were worth $2,162,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in shares of Camping World during the 2nd quarter valued at $50,000. Russell Investments Group Ltd. increased its position in Camping World by 6,495.0% in the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after buying an additional 3,897 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Camping World in the third quarter valued at $191,000. Telos Capital Management Inc. purchased a new stake in Camping World in the 2nd quarter worth about $196,000. Finally, ProShare Advisors LLC bought a new stake in Camping World in the 1st quarter valued at about $209,000. 52.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total value of $2,855,000.00. Following the completion of the sale, the chief executive officer now owns 155,268 shares in the company, valued at $3,546,321.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 43.80% of the company’s stock.

Wall Street Analysts Forecast Growth

CWH has been the topic of several research reports. KeyCorp lowered their price target on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Monness Crespi & Hardt boosted their target price on shares of Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. Roth Mkm decreased their price objective on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Truist Financial increased their price objective on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 target price (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.29.

Camping World Stock Up 1.5 %

Shares of NYSE CWH opened at $21.38 on Tuesday. The business has a 50-day moving average of $22.70 and a 200-day moving average of $21.17. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -535.25 and a beta of 2.47. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. Camping World Holdings, Inc. has a 12 month low of $16.18 and a 12 month high of $28.72.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business posted $0.60 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts expect that Camping World Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Friday, September 13th. Camping World’s payout ratio is currently -1,250.00%.

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.