Interval Partners LP Raises Position in Camping World Holdings, Inc. (NYSE:CWH)

Interval Partners LP boosted its holdings in Camping World Holdings, Inc. (NYSE:CWH) by 71.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,875,845 shares of the company’s stock after acquiring an additional 1,202,258 shares during the quarter. Camping World accounts for about 1.2% of Interval Partners LP’s investment portfolio, making the stock its 18th largest position. Interval Partners LP’s holdings in Camping World were worth $60,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CWH. Blue Trust Inc. raised its stake in 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 in the last quarter. Summit Investment Advisors Inc. raised its position in Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock valued at $117,000 after purchasing an additional 1,390 shares in the last quarter. AlphaQuest LLC lifted its stake in Camping World by 494.9% during the fourth quarter. AlphaQuest LLC now owns 7,865 shares of the company’s stock worth $166,000 after purchasing an additional 6,543 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Camping World during the 4th quarter valued at about $216,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Camping World during the 4th quarter valued at about $226,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, President Matthew D. Wagner bought 5,725 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the purchase, the president now owns 300,640 shares in the company, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 35.60% of the company’s stock.

Camping World Stock Performance

Shares of CWH stock opened at $14.80 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The company’s fifty day moving average price is $14.76 and its 200-day moving average price is $19.75. The stock has a market cap of $1.51 billion, a PE ratio of -21.45, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.07. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company earned ($0.40) earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts expect that Camping World Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Friday, March 14th. Camping World’s dividend payout ratio (DPR) is -108.70%.

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.