Camping World Holdings Inc. (CWH) Holdings Cut by Menta Capital LLC
Menta Capital LLC lessened its position in Camping World Holdings Inc. (NYSE:CWH) by 21.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,264 shares of the company’s stock after selling 16,658 shares during the period. Menta Capital LLC owned 0.32% of Camping World Holdings worth $1,890,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Eagle Asset Management Inc. grew its holdings in Camping World Holdings by 190.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,098,018 shares of the company’s stock worth $33,873,000 after acquiring an additional 720,235 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Camping World Holdings by 29.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 740,000 shares of the company’s stock worth $23,856,000 after acquiring an additional 168,678 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Camping World Holdings in the 2nd quarter worth $17,892,000. Royce & Associates LP grew its holdings in Camping World Holdings by 1.5% in the 2nd quarter. Royce & Associates LP now owns 548,453 shares of the company’s stock worth $16,920,000 after acquiring an additional 8,152 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Camping World Holdings by 19.3% in the 2nd quarter. American Century Companies Inc. now owns 533,203 shares of the company’s stock worth $16,449,000 after acquiring an additional 86,384 shares during the last quarter. 31.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Camping World Holdings Inc. (CWH) opened at 37.75 on Friday. Camping World Holdings Inc. has a 52-week low of $20.45 and a 52-week high of $39.54. The stock’s market capitalization is $1.11 billion. The stock has a 50 day moving average of $38.82 and a 200 day moving average of $38.82.
Camping World Holdings (NYSE:CWH) last released its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share (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 analyst estimates of $1.16 billion. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. Camping World Holdings’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. Analysts forecast that Camping World Holdings Inc. will post $2.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.85%. Camping World Holdings’s dividend payout ratio is currently 14.29%.
CWH has been the topic of a number of recent analyst reports. ValuEngine raised shares of Camping World Holdings from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. 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 research report on Tuesday, May 30th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Camping World Holdings in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) raised shares of Camping World Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $30.00 to $34.00 in a research report on Friday, June 9th. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of Camping World Holdings in a research report on Monday, June 12th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $36.96.
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In other news, insider Roger L. Nuttall sold 1,200 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $31.01, for a total transaction of $37,212.00. Following the transaction, the insider now owns 47,902 shares in the company, valued at $1,485,441.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas F. Wolfe sold 42,854 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $32.16, for a total transaction of $1,378,184.64. Following the transaction, the chief financial officer now owns 78,974 shares in the company, valued at approximately $2,539,803.84. The disclosure for this sale can be found here. Insiders have sold 632,488 shares of company stock worth $21,423,975 in the last quarter. Company insiders own 66.60% of the company’s stock.
Camping World Holdings 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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