Eminence Capital LP Grows Position in Camping World $CWH

Eminence Capital LP boosted its stake in Camping World (NYSE:CWH) by 45.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,779,805 shares of the company’s stock after buying an additional 1,815,042 shares during the quarter. Eminence Capital LP owned approximately 5.65% of Camping World worth $56,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP raised its position in Camping World by 2,275.8% in the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after buying an additional 1,502 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Camping World in the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd purchased a new stake in Camping World in the 3rd quarter valued at $83,000. Russell Investments Group Ltd. raised its position in Camping World by 923.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after buying an additional 4,998 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Camping World in the 3rd quarter valued at $109,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Stock Down 3.7%

Shares of NYSE:CWH opened at $7.30 on Thursday. The company has a market capitalization of $751.62 million, a PE ratio of -4.90 and a beta of 2.05. The company has a debt-to-equity ratio of 4.30, a current ratio of 1.17 and a quick ratio of 0.23. The business has a fifty day moving average price of $7.23 and a two-hundred day moving average price of $9.15. Camping World has a 1 year low of $5.70 and a 1 year high of $19.38.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. Analysts forecast that Camping World will post 0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CWH. Wall Street Zen raised Camping World from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. KeyCorp lowered their price target 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. Monness Crespi & Hardt reduced their price objective on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Roth Mkm restated a “buy” rating and issued a $16.00 price objective (down from $18.00) on shares of Camping World in a research note on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.22.

Camping World Company 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.