UBS Group AG Increases Holdings in Camping World $CWH

UBS Group AG grew its holdings in shares of Camping World (NYSE:CWH) by 78.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 474,336 shares of the company’s stock after buying an additional 208,241 shares during the quarter. UBS Group AG owned 0.46% of Camping World worth $4,615,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. AlphaQuest LLC raised its position in shares of Camping World by 7.1% during the 3rd quarter. AlphaQuest LLC now owns 11,932 shares of the company’s stock valued at $188,000 after buying an additional 793 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Camping World by 2.2% during the 3rd quarter. Alliancebernstein L.P. now owns 55,200 shares of the company’s stock valued at $872,000 after buying an additional 1,200 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Camping World by 10.4% during the 3rd quarter. Quantbot Technologies LP now owns 13,400 shares of the company’s stock valued at $212,000 after buying an additional 1,265 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock valued at $539,000 after buying an additional 1,401 shares in the last quarter. Finally, Quarry LP raised its position in shares of Camping World by 2,275.8% during the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after buying an additional 1,502 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CWH has been the topic of several recent research reports. Weiss Ratings cut shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. KeyCorp reduced their price objective on shares of Camping World from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Raymond James Financial set a $10.00 price objective on shares of Camping World in a research report on Friday, May 1st. Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised shares of Camping World from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.22.

Camping World Stock Performance

Camping World stock opened at $7.45 on Friday. The company has a debt-to-equity ratio of 4.30, a current ratio of 1.17 and a quick ratio of 0.23. Camping World has a 1-year low of $5.70 and a 1-year high of $19.64. The firm has a market capitalization of $767.38 million, a P/E ratio of -5.00 and a beta of 2.11. The company’s 50-day moving average is $6.92 and its 200 day moving average is $9.65.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the company posted ($0.16) EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Research analysts forecast that Camping World will post 0.33 EPS for the current year.

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.