Prospera Financial Services Inc. Makes New Investment in Camping World Holdings, Inc. (NYSE:CWH)



Prospera Financial Services Inc acquired a new position in Camping World Holdings, Inc. (NYSE:CWH – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,750 shares of the company’s stock, valued at approximately $49,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in shares of Camping World during the fourth quarter valued at $213,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Camping World during the fourth quarter valued at $910,000. Qube Research & Technologies Ltd acquired a new position in shares of Camping World during the fourth quarter valued at $460,000. Sigma Planning Corp boosted its holdings in shares of Camping World by 14.2% during the fourth quarter. Sigma Planning Corp now owns 7,515 shares of the company’s stock valued at $304,000 after acquiring an additional 935 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Camping World by 130.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 21,454 shares of the company’s stock valued at $867,000 after acquiring an additional 12,139 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Activity at Camping World

In related news, CEO Marcus Lemonis bought 38,350 shares of Camping World stock in a transaction that occurred on Friday, June 10th. The stock was purchased at an average cost of $26.36 per share, for a total transaction of $1,010,906.00. Following the acquisition, the chief executive officer now owns 121,450 shares in the company, valued at $3,201,422. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 47.50% of the stock is currently owned by company insiders.

Camping World Trading Down 3.1 %

NYSE:CWH opened at $29.42 on Wednesday. The company has a debt-to-equity ratio of 4.96, a current ratio of 1.39 and a quick ratio of 0.27. Camping World Holdings, Inc. has a fifty-two week low of $20.85 and a fifty-two week high of $46.77. The stock’s 50-day moving average is $25.10 and its two-hundred day moving average is $28.00. The stock has a market cap of $2.45 billion, a PE ratio of 5.56 and a beta of 2.79.

Camping World (NYSE:CWH – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.95 by $0.21. Camping World had a return on equity of 87.92% and a net margin of 3.31%. During the same period in the previous year, the business posted $2.40 earnings per share. As a group, equities research analysts forecast that Camping World Holdings, Inc. will post 5.04 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Tuesday, June 14th were paid a $0.625 dividend. The ex-dividend date was Monday, June 13th. This represents a $2.50 annualized dividend and a dividend yield of 8.50%. Camping World’s payout ratio is 47.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of Camping World in a report on Wednesday, April 13th. They set a “neutral” rating and a $29.00 price target for the company. Truist Financial cut their price objective on shares of Camping World to $26.00 in a research note on Thursday, May 26th. TheStreet cut shares of Camping World from a “b-” rating to a “c+” rating in a research note on Monday, April 25th. Monness Crespi & Hardt lifted their price objective on shares of Camping World from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Raymond James boosted their price target on shares of Camping World from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Camping World presently has an average rating of “Hold” and a consensus target price of $37.50.

About Camping World

(GetRated)

Camping World Holdings, Inc, through its subsidiaries, retails recreational vehicles (RVs), and related products and services. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.

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Institutional Ownership by Quarter for Camping World (NYSE:CWH)



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