nVerses Capital LLC Makes New Investment in Camping World Holdings, Inc. (NYSE:CWH)

nVerses Capital LLC purchased a new stake in shares of Camping World Holdings, Inc. (NYSE:CWH) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,900 shares of the company’s stock, valued at approximately $191,000.

Several other institutional investors also recently modified their holdings of CWH. Point72 DIFC Ltd purchased a new stake in shares of Camping World during the 2nd quarter valued at about $50,000. Russell Investments Group Ltd. boosted its holdings in Camping World by 6,495.0% in the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after purchasing an additional 3,897 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Camping World in the first quarter worth approximately $209,000. Handelsbanken Fonder AB bought a new stake in Camping World in the 3rd quarter worth approximately $240,000. Finally, Telos Capital Management Inc. bought a new position in shares of Camping World during the 2nd quarter valued at $196,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Camping World

In related news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $22.84, for a total value of $2,855,000.00. Following the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,546,321.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 43.80% of the company’s stock.

Camping World Price Performance

Shares of NYSE:CWH opened at $23.12 on Friday. The company has a market capitalization of $1.95 billion, a P/E ratio of -578.00 and a beta of 2.47. Camping World Holdings, Inc. has a 1-year low of $16.18 and a 1-year high of $28.72. The firm’s 50 day simple moving average is $22.60 and its two-hundred day simple moving average is $21.36. The company has a debt-to-equity ratio of 10.08, a current ratio of 1.19 and a quick ratio of 0.19.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the firm posted $0.60 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. Research analysts expect that Camping World Holdings, Inc. will post -0.6 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, September 13th. Camping World’s payout ratio is currently -1,250.00%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CWH. KeyCorp cut their price objective on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Monness Crespi & Hardt increased their price objective on shares of Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial boosted their target price on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Roth Mkm decreased their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, Camping World presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Camping World 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.