Crestline Management LP Invests $1.24 Million in Camping World Holdings, Inc. (NYSE:CWH)

Crestline Management LP purchased a new stake in Camping World Holdings, Inc. (NYSE:CWH) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 58,998 shares of the company’s stock, valued at approximately $1,244,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CWH. Blue Trust Inc. grew its position in shares of Camping World by 195.0% in the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock valued at $32,000 after purchasing an additional 1,014 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Camping World by 33.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock worth $117,000 after buying an additional 1,390 shares during the last quarter. AlphaQuest LLC increased its stake in Camping World by 494.9% during the 4th quarter. AlphaQuest LLC now owns 7,865 shares of the company’s stock worth $166,000 after buying an additional 6,543 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Camping World during the fourth quarter valued at approximately $216,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Camping World in the fourth quarter valued at approximately $226,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Price Performance

Shares of CWH stock opened at $14.45 on Friday. The company has a market capitalization of $1.47 billion, a PE ratio of -20.94, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The firm’s 50-day moving average is $14.82 and its two-hundred day moving average is $19.80. Camping World Holdings, Inc. has a 12 month low of $11.17 and a 12 month high of $25.97.

Camping World (NYSE:CWH) last posted its earnings results on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.07. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.40) earnings per share. Analysts predict that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, March 14th. Camping World’s dividend payout ratio (DPR) is presently -108.70%.

Wall Street Analyst Weigh In

CWH has been the subject of several research reports. Monness Crespi & Hardt dropped their price target on Camping World from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Baird R W lowered shares of Camping World from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. KeyCorp decreased their price target on shares of Camping World from $22.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised shares of Camping World from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Finally, Truist Financial cut their price objective on shares of Camping World from $28.00 to $16.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.63.

Insider Buying and Selling at Camping World

In other news, President Matthew D. Wagner bought 5,725 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $17.61 per share, with a total value of $100,817.25. Following the purchase, the president now owns 300,640 shares in the company, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 35.60% of the company’s stock.

Camping World Company 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.