Corebridge Financial Inc. Buys 5,249 Shares of Camping World Holdings, Inc. (NYSE:CWH)

Corebridge Financial Inc. increased its stake in Camping World Holdings, Inc. (NYSE:CWH) by 23.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,902 shares of the company’s stock after acquiring an additional 5,249 shares during the period. Corebridge Financial Inc.’s holdings in Camping World were worth $588,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Camelot Portfolios LLC lifted its stake in shares of Camping World by 3.7% during the fourth quarter. Camelot Portfolios LLC now owns 14,100 shares of the company’s stock valued at $297,000 after acquiring an additional 500 shares during the period. Blue Trust Inc. raised its holdings in Camping World by 195.0% during the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the last quarter. Telos Capital Management Inc. lifted its position in Camping World by 36.4% during the 4th quarter. Telos Capital Management Inc. now owns 15,000 shares of the company’s stock valued at $316,000 after purchasing an additional 4,000 shares during the period. Arizona State Retirement System boosted its stake in shares of Camping World by 33.6% in the 4th quarter. Arizona State Retirement System now owns 16,477 shares of the company’s stock valued at $347,000 after purchasing an additional 4,148 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Camping World by 48.5% during the 4th quarter. Handelsbanken Fonder AB now owns 14,700 shares of the company’s stock worth $310,000 after buying an additional 4,800 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

Wall Street Analyst Weigh In

CWH has been the topic of a number of recent research reports. Truist Financial raised their price objective on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Robert W. Baird restated a “neutral” rating and issued a $18.00 price target (down from $28.00) on shares of Camping World in a research report on Friday. Bank of America started coverage on Camping World in a report on Thursday, December 19th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, KeyCorp reduced their target price on Camping World from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.88.

Camping World Stock Up 1.9 %

Shares of Camping World stock opened at $13.19 on Tuesday. The company has a market capitalization of $1.34 billion, a P/E ratio of -19.11, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The business has a 50-day moving average of $19.35 and a two-hundred day moving average of $21.58. Camping World Holdings, Inc. has a 1 year low of $11.87 and a 1 year high of $26.33.

Camping World (NYSE:CWH) last posted its earnings results on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.55). Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities analysts predict that Camping World Holdings, Inc. will post -0.66 EPS for the current year.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.125 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.50 annualized dividend and a yield of 3.79%. Camping World’s dividend payout ratio is currently -65.79%.

Insider Buying and Selling

In other news, President Matthew D. Wagner purchased 5,725 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the acquisition, the president now directly owns 300,640 shares in the company, valued at approximately $5,294,270.40. This trade represents a 1.94 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 43.80% of the company’s stock.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. 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.