Crestview Partners II GP L.P. decreased its holdings in shares of Camping World Holdings Inc. (NYSE:CWH) by 19.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,710,261 shares of the company’s stock after selling 1,353,455 shares during the period. Camping World Holdings comprises 54.3% of Crestview Partners II GP L.P.’s portfolio, making the stock its biggest holding. Crestview Partners II GP L.P. owned about 29.58% of Camping World Holdings worth $176,162,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Eagle Asset Management Inc. raised its stake in shares of Camping World Holdings by 190.6% in the second quarter. Eagle Asset Management Inc. now owns 1,098,018 shares of the company’s stock valued at $33,873,000 after acquiring an additional 720,235 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Camping World Holdings by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 740,000 shares of the company’s stock valued at $23,856,000 after acquiring an additional 168,678 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Camping World Holdings in the second quarter valued at approximately $17,892,000. Royce & Associates LP raised its stake in shares of Camping World Holdings by 1.5% in the second quarter. Royce & Associates LP now owns 548,453 shares of the company’s stock valued at $16,920,000 after acquiring an additional 8,152 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Camping World Holdings by 19.3% in the second quarter. American Century Companies Inc. now owns 533,203 shares of the company’s stock valued at $16,449,000 after purchasing an additional 86,384 shares in the last quarter. Institutional investors own 92.27% of the company’s stock.
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Camping World Holdings Inc. (NYSE CWH) traded up 0.46% during midday trading on Wednesday, reaching $39.17. 107,485 shares of the company traded hands. The company has a 50 day moving average of $38.82 and a 200-day moving average of $35.86. The stock’s market capitalization is $1.15 billion. Camping World Holdings Inc. has a 12-month low of $20.45 and a 12-month high of $39.47.
Camping World Holdings (NYSE:CWH) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.69 by $0.15. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. Equities analysts anticipate that Camping World Holdings Inc. will post $2.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 0.82%. Camping World Holdings’s dividend payout ratio is currently 14.29%.
A number of analysts recently weighed in on CWH shares. Zacks Investment Research lowered shares of Camping World Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. KeyCorp reissued an “overweight” rating and issued a $42.00 price target on shares of Camping World Holdings in a report on Wednesday, August 30th. Robert W. Baird lifted their target price on shares of Camping World Holdings from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Credit Suisse Group reaffirmed an “outperform” rating and set a $36.00 target price on shares of Camping World Holdings in a report on Friday, June 2nd. Finally, Wells Fargo & Company raised shares of Camping World Holdings from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Tuesday, May 30th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $36.96.
In other Camping World Holdings news, insider Roger L. Nuttall sold 121,779 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $32.13, for a total transaction of $3,912,759.27. Following the sale, the insider now directly owns 155,198 shares of the company’s stock, valued at approximately $4,986,511.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brent L. Moody sold 4,770 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $30.06, for a total transaction of $143,386.20. Following the sale, the insider now directly owns 71,716 shares in the company, valued at $2,155,782.96. The disclosure for this sale can be found here. Insiders sold a total of 425,550 shares of company stock worth $13,474,026 over the last ninety days. 66.60% of the stock is currently owned by insiders.
Camping World Holdings Company 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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