Royce & Associates LP Invests $6.66 Million in Camping World $CWH

Royce & Associates LP acquired a new position in Camping World (NYSE:CWH) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 421,959 shares of the company’s stock, valued at approximately $6,663,000.

Several other hedge funds have also recently bought and sold shares of CWH. Rafferty Asset Management LLC boosted its stake in Camping World by 8.6% during the 3rd quarter. Rafferty Asset Management LLC now owns 20,341 shares of the company’s stock valued at $321,000 after purchasing an additional 1,607 shares during the period. Quantbot Technologies LP raised its holdings in shares of Camping World by 10.4% during the third quarter. Quantbot Technologies LP now owns 13,400 shares of the company’s stock valued at $212,000 after buying an additional 1,265 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Camping World during the third quarter worth approximately $83,000. Fox Run Management L.L.C. grew its holdings in Camping World by 59.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 88,164 shares of the company’s stock worth $1,392,000 after buying an additional 32,941 shares in the last quarter. Finally, Optimize Financial Inc bought a new position in Camping World in the 3rd quarter worth approximately $526,000. 52.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CWH. BMO Capital Markets reduced their price target 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. Truist Financial lowered their price target on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Zacks Research lowered shares of Camping World from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Wall Street Zen cut shares of Camping World from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, KeyCorp dropped their price target on shares of Camping World from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.80.

Camping World Trading Up 0.3%

Shares of CWH stock opened at $7.65 on Thursday. The stock has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $13.28. The stock has a market capitalization of $782.52 million, a P/E ratio of -5.31 and a beta of 2.15. Camping World has a fifty-two week low of $7.47 and a fifty-two week high of $19.64. The company has a quick ratio of 0.27, a current ratio of 1.20 and a debt-to-equity ratio of 4.14.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.10). Camping World had a negative return on equity of 3.29% and a negative net margin of 1.41%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm posted ($0.47) earnings per share. Camping World’s revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Camping World will post -0.66 earnings per share for the current fiscal year.

About Camping World

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.