RBF Capital LLC Raises Holdings in Camping World $CWH

RBF Capital LLC increased its stake in shares of Camping World (NYSE:CWH) by 68.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 440,078 shares of the company’s stock after purchasing an additional 178,253 shares during the period. RBF Capital LLC’s holdings in Camping World were worth $4,282,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CWH. Goldman Sachs Group Inc. raised its position in shares of Camping World by 86.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock worth $19,173,000 after purchasing an additional 914,421 shares during the last quarter. Bank of America Corp DE raised its position in shares of Camping World by 128.1% during the 3rd quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock worth $21,250,000 after purchasing an additional 755,665 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Camping World by 94.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock worth $14,815,000 after purchasing an additional 741,263 shares during the last quarter. Capital Research Global Investors raised its position in shares of Camping World by 15.5% during the 3rd quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock worth $58,670,000 after purchasing an additional 499,999 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Camping World by 18.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock worth $55,374,000 after purchasing an additional 490,245 shares during the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on CWH. Monness Crespi & Hardt cut their price objective on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. BMO Capital Markets cut their price objective on Camping World from $22.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. KeyCorp cut their price objective on Camping World from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings cut shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.22.

Camping World Stock Down 2.0%

CWH stock opened at $7.59 on Wednesday. The stock has a market capitalization of $781.26 million, a P/E ratio of -5.09 and a beta of 2.05. The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17. Camping World has a one year low of $5.70 and a one year high of $19.38. The company has a 50 day moving average price of $7.21 and a two-hundred day moving average price of $9.18.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, April 29th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. Camping World’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) EPS. As a group, sell-side analysts expect that Camping World will post 0.33 EPS for the current year.

Camping World Profile

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.