Walleye Capital LLC Boosts Position in Camping World $CWH

Walleye Capital LLC raised its holdings in shares of Camping World (NYSE:CWH) by 995.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 447,737 shares of the company’s stock after acquiring an additional 406,852 shares during the quarter. Walleye Capital LLC’s holdings in Camping World were worth $3,058,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Eminence Capital LP raised its stake in shares of Camping World by 45.8% in the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock valued at $56,238,000 after acquiring an additional 1,815,042 shares during the period. Goldman Sachs Group Inc. boosted its position in 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 period. Bank of America Corp DE boosted its position in 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 period. BNP Paribas Financial Markets increased its holdings in Camping World by 94.9% in the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock valued at $14,815,000 after purchasing an additional 741,263 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Camping World by 18.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after purchasing an additional 490,245 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial cut their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings cut Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Raymond James Financial set a $10.00 price objective on shares of Camping World in a research report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Camping World currently has an average rating of “Moderate Buy” and a consensus price target of $15.22.

Camping World Stock Performance

NYSE:CWH opened at $5.62 on Friday. The firm has a 50-day moving average of $7.07 and a two-hundred day moving average of $8.52. 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 stock has a market cap of $578.29 million, a P/E ratio of -3.77 and a beta of 2.04. Camping World has a 1-year low of $5.52 and a 1-year high of $18.75.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.10. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company earned ($0.16) earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts expect that Camping World will post 0.33 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.