Mirae Asset Global Investments Co. Ltd. Grows Position in Camping World Holdings, Inc. (NYSE:CWH)

Mirae Asset Global Investments Co. Ltd. raised its position in Camping World Holdings, Inc. (NYSE:CWH) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,181 shares of the company’s stock after acquiring an additional 1,712 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Camping World were worth $504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CWH. Camelot Portfolios LLC grew its stake in shares of Camping World by 28.4% during the fourth quarter. Camelot Portfolios LLC now owns 22,600 shares of the company’s stock worth $593,000 after purchasing an additional 5,000 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Camping World during the 4th quarter worth about $465,000. Raymond James & Associates lifted its stake in Camping World by 16.8% during the fourth quarter. Raymond James & Associates now owns 29,522 shares of the company’s stock worth $775,000 after purchasing an additional 4,256 shares during the last quarter. SG Americas Securities LLC acquired a new position in Camping World in the fourth quarter valued at approximately $207,000. Finally, Deutsche Bank AG boosted its holdings in Camping World by 40.8% in the third quarter. Deutsche Bank AG now owns 387,831 shares of the company’s stock valued at $7,916,000 after purchasing an additional 112,478 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CWH shares. Citigroup lifted their price target on shares of Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. KeyCorp upped their target price on Camping World from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, January 12th. Truist Financial lifted their price target on Camping World from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Stephens reissued an “overweight” rating and issued a $28.00 price objective (up from $26.00) on shares of Camping World in a report on Wednesday, January 17th. Finally, StockNews.com lowered shares of Camping World from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.64.

Camping World Trading Down 7.4 %

NYSE:CWH opened at $21.05 on Friday. Camping World Holdings, Inc. has a 52-week low of $16.18 and a 52-week high of $32.88. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 7.55. The stock has a fifty day simple moving average of $25.49 and a 200-day simple moving average of $23.68. The company has a market capitalization of $1.78 billion, a PE ratio of 40.48 and a beta of 2.60.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.06. Camping World had a net margin of 0.50% and a return on equity of 16.62%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, equities research analysts expect that Camping World Holdings, Inc. will post 1.06 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s payout ratio is 96.16%.

Insider Transactions at Camping World

In related news, CEO Marcus Lemonis sold 100,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the sale, the chief executive officer now owns 405,268 shares of the company’s stock, valued at $10,387,018.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 43.80% of the company’s stock.

About Camping World

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.