UBS Group AG Raises Stock Position in Camping World $CWH

UBS Group AG lifted its stake in shares of Camping World (NYSE:CWH) by 78.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 474,336 shares of the company’s stock after acquiring an additional 208,241 shares during the quarter. UBS Group AG’s holdings in Camping World were worth $4,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CWH. Quarry LP increased its position in shares of Camping World by 2,275.8% during the third quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after acquiring an additional 1,502 shares during the period. State of Wyoming purchased a new position in shares of Camping World during the third quarter worth approximately $43,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Camping World during the third quarter worth approximately $83,000. Russell Investments Group Ltd. increased its position in shares of Camping World by 923.8% during the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after acquiring an additional 4,998 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Camping World during the third quarter worth approximately $109,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CWH shares. KeyCorp reduced their target price 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. BMO Capital Markets reduced their target price on shares of Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Truist Financial dropped their price objective on shares of Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Roth Mkm reiterated a “buy” rating and set a $16.00 price objective (down from $18.00) on shares of Camping World in a research note on Thursday, February 26th. Finally, Monness Crespi & Hardt dropped their price objective on shares of Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Camping World has a consensus rating of “Moderate Buy” and an average price target of $15.22.

Camping World Price Performance

NYSE CWH opened at $7.45 on Friday. The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17. The firm’s 50 day moving average price is $6.92 and its 200-day moving average price is $9.65. Camping World has a 52-week low of $5.70 and a 52-week high of $19.64. The company has a market cap of $767.38 million, a PE ratio of -5.00 and a beta of 2.11.

Camping World (NYSE:CWH) last released 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. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm earned ($0.16) earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Sell-side analysts forecast that Camping World will post 0.33 EPS for the current fiscal year.

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.