Camping World Holdings, Inc. (NYSE:CWH) Holdings Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Camping World Holdings, Inc. (NYSE:CWH) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,084 shares of the company’s stock after selling 14,360 shares during the quarter. Bank of New York Mellon Corp’s holdings in Camping World were worth $6,136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC boosted its position in Camping World by 5,647.8% during the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock worth $32,000 after acquiring an additional 1,299 shares during the period. Blue Trust Inc. raised its position in Camping World by 195.0% during the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock valued at $32,000 after buying an additional 1,014 shares during the period. Truvestments Capital LLC acquired a new position in Camping World during the third quarter valued at $165,000. Blueshift Asset Management LLC purchased a new position in Camping World in the third quarter valued at about $214,000. Finally, World Investment Advisors LLC purchased a new position in Camping World in the third quarter valued at about $258,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Stock Up 3.6 %

NYSE:CWH opened at $16.65 on Monday. Camping World Holdings, Inc. has a 12-month low of $15.39 and a 12-month high of $28.33. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The firm has a market capitalization of $1.70 billion, a P/E ratio of -24.14, a P/E/G ratio of 0.92 and a beta of 2.57. The stock’s fifty day simple moving average is $21.29 and its 200-day simple moving average is $22.27.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, hitting the consensus estimate of ($0.55). The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. Equities research analysts expect that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, March 14th. Camping World’s dividend payout ratio is -65.79%.

Analyst Ratings Changes

A number of research analysts have commented on CWH shares. Truist Financial boosted their target price on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Bank of America began coverage on Camping World in a research report on Thursday, December 19th. They set a “buy” rating and a $30.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Camping World has an average rating of “Moderate Buy” and a consensus price target of $27.71.

Insider Buying and Selling at Camping World

In other news, President Matthew D. Wagner purchased 5,725 shares of the company’s stock in a transaction 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 directly owns 300,640 shares of the company’s stock, valued at $5,294,270.40. This trade represents a 1.94 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 43.80% of the company’s stock.

Camping World 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.