Alpha Paradigm Partners LLC acquired a new stake in shares of Camping World Holdings, Inc. (NYSE:CWH) during the second quarter, Holdings Channel reports. The institutional investor acquired 9,004 shares of the company’s stock, valued at approximately $369,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC purchased a new stake in shares of Camping World during the first quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Camping World during the first quarter valued at $29,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Camping World during the second quarter valued at $30,000. Advisory Services Network LLC purchased a new stake in Camping World in the second quarter valued at $33,000. Finally, Stonebridge Capital Advisors LLC purchased a new stake in Camping World in the first quarter valued at $58,000. 41.34% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Karin L. Bell sold 3,652 shares of the company’s stock in a transaction dated Wednesday, August 4th. The shares were sold at an average price of $42.00, for a total transaction of $153,384.00. Following the completion of the transaction, the chief financial officer now owns 127,177 shares in the company, valued at approximately $5,341,434. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 45.60% of the stock is owned by corporate insiders.
Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, August 3rd. The company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.31. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.08 billion. Camping World had a net margin of 3.79% and a return on equity of 363.49%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Equities research analysts forecast that Camping World Holdings, Inc. will post 5.65 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 28th. Investors of record on Tuesday, September 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, September 13th. This is an increase from Camping World’s previous quarterly dividend of $0.25. Camping World’s dividend payout ratio is 62.70%.
CWH has been the topic of several recent research reports. Northcoast Research lowered shares of Camping World from a “buy” rating to a “neutral” rating in a report on Thursday, June 17th. Raymond James upped their price target on shares of Camping World from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, August 4th. Robert W. Baird raised shares of Camping World from a “neutral” rating to an “outperform” rating and set a $56.00 price target on the stock in a report on Wednesday, August 4th. Zacks Investment Research raised shares of Camping World from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, August 18th. Finally, Truist lowered their price target on shares of Camping World from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, September 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Camping World currently has an average rating of “Buy” and an average price target of $49.70.
About Camping World
Camping World Holdings, Inc operates as a retailer of recreational vehicles (RV) and related products and services. It operates through the following segments: Good Sam Services & Plans; and RV & Outdoor Retail. The Good Sam Services & Plans segment consists of programs, plans and services that are geared towards protecting, insuring and promoting the RV lifestyle.
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