Zurcher Kantonalbank Zurich Cantonalbank Reduces Stake in Camping World Holdings, Inc. (NYSE:CWH)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Camping World Holdings, Inc. (NYSE:CWH) by 25.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,802 shares of the company’s stock after selling 2,633 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Camping World were worth $205,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Selway Asset Management purchased a new stake in shares of Camping World in the 3rd quarter worth about $55,000. Moors & Cabot Inc. raised its position in Camping World by 13.5% during the third quarter. Moors & Cabot Inc. now owns 9,802 shares of the company’s stock worth $200,000 after acquiring an additional 1,164 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Camping World in the fourth quarter valued at about $207,000. Axxcess Wealth Management LLC acquired a new stake in shares of Camping World in the third quarter valued at approximately $215,000. Finally, Kendall Capital Management increased its stake in shares of Camping World by 13.6% during the 3rd quarter. Kendall Capital Management now owns 10,685 shares of the company’s stock worth $218,000 after purchasing an additional 1,280 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Insider Transactions at Camping World

In related news, CEO Marcus Lemonis sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.63, for a total value of $2,563,000.00. Following the transaction, the chief executive officer now owns 405,268 shares in the company, valued at $10,387,018.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 43.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CWH. KeyCorp lowered their target price on Camping World from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Citigroup lifted their price objective on Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Roth Mkm restated a “buy” rating and issued a $28.00 target price (down from $30.00) on shares of Camping World in a report on Friday, May 3rd. Stephens reiterated an “overweight” rating and set a $28.00 price target (up from $26.00) on shares of Camping World in a report on Wednesday, January 17th. Finally, StockNews.com raised shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Camping World currently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

Camping World Price Performance

Camping World stock opened at $20.30 on Wednesday. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -507.37 and a beta of 2.67. Camping World Holdings, Inc. has a 1 year low of $16.18 and a 1 year high of $32.88. The firm has a 50 day moving average price of $24.66 and a 200 day moving average price of $23.92.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.06. Camping World had a net margin of 0.09% and a negative return on equity of 2.16%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company earned ($0.33) EPS. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. Sell-side analysts predict that Camping World Holdings, Inc. will post 1.06 earnings per share for the current year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s dividend payout ratio is currently -1,249.69%.

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.