Point72 DIFC Ltd Makes New $50,000 Investment in Camping World Holdings, Inc. (NYSE:CWH)

Point72 DIFC Ltd purchased a new stake in shares of Camping World Holdings, Inc. (NYSE:CWH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,807 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Moors & Cabot Inc. boosted its stake in Camping World by 2.9% during the 2nd quarter. Moors & Cabot Inc. now owns 19,065 shares of the company’s stock valued at $340,000 after purchasing an additional 531 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Camping World by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock worth $885,000 after acquiring an additional 1,323 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Camping World by 8.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock worth $545,000 after acquiring an additional 1,477 shares during the period. The Manufacturers Life Insurance Company raised its stake in Camping World by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock valued at $408,000 after purchasing an additional 1,491 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Camping World by 5.3% in the 2nd quarter. Rhumbline Advisers now owns 61,138 shares of the company’s stock valued at $1,092,000 after purchasing an additional 3,099 shares during the period. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Stock Down 2.0 %

NYSE CWH opened at $23.52 on Thursday. Camping World Holdings, Inc. has a 1-year low of $16.18 and a 1-year high of $28.72. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of -588.00 and a beta of 2.47. The stock’s 50 day moving average is $22.05 and its two-hundred day moving average is $21.60. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm earned $0.60 EPS. Camping World’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities analysts forecast that Camping World Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s dividend payout ratio (DPR) is currently -1,250.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CWH. KeyCorp dropped their price objective on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Roth Mkm cut their price target on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday, August 5th. Truist Financial raised their price objective on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Monness Crespi & Hardt boosted their price objective on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.57.

Insider Activity at Camping World

In other Camping World news, CEO Marcus Lemonis sold 121,450 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the sale, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at $3,384,842.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 43.80% of the stock is currently owned by insiders.

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.