Allianz Asset Management GmbH reduced its holdings in Camping World Holdings Inc (NYSE:CWH) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,470 shares of the company’s stock after selling 7,105 shares during the quarter. Allianz Asset Management GmbH’s holdings in Camping World were worth $1,184,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of CWH. Sawgrass Asset Management LLC acquired a new stake in shares of Camping World in the third quarter valued at about $203,000. M&T Bank Corp acquired a new stake in shares of Camping World in the fourth quarter valued at about $203,000. Legal & General Group Plc grew its position in shares of Camping World by 85.9% in the third quarter. Legal & General Group Plc now owns 6,233 shares of the company’s stock valued at $252,000 after purchasing an additional 2,880 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Camping World in the fourth quarter valued at about $269,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Camping World in the fourth quarter valued at about $281,000. 42.78% of the stock is currently owned by institutional investors.
CWH has been the topic of several research analyst reports. ValuEngine raised Camping World from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Camping World from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $55.00 price target (up from $47.00) on shares of Camping World in a research report on Monday, January 29th. Credit Suisse Group set a $52.00 price target on Camping World and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, KeyCorp set a $52.00 target price on shares of Camping World and gave the company a “buy” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.38.
Camping World (NYSE:CWH) last released its earnings results on Tuesday, February 27th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Camping World had a negative net margin of 0.42% and a positive return on equity of 384.26%. The business had revenue of $888.99 million during the quarter, compared to analysts’ expectations of $804.84 million. research analysts forecast that Camping World Holdings Inc will post 2.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, March 15th. Camping World’s dividend payout ratio is 1,600.80%.
In other Camping World news, insider Roger L. Nuttall sold 33,555 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $45.78, for a total transaction of $1,536,147.90. Following the completion of the transaction, the insider now owns 156,055 shares in the company, valued at $7,144,197.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brent L. Moody sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $45.47, for a total transaction of $4,547,000.00. Following the transaction, the insider now owns 193,494 shares of the company’s stock, valued at approximately $8,798,172.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 263,555 shares of company stock valued at $10,699,448. Corporate insiders own 66.60% of the company’s stock.
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Camping World Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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