Envestnet Asset Management Inc. Increases Stock Position in Camping World Holdings, Inc. (NYSE:CWH)

Envestnet Asset Management Inc. increased its position in Camping World Holdings, Inc. (NYSE:CWH – Get Rating) by 119.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,437 shares of the company’s stock after acquiring an additional 24,710 shares during the period. Envestnet Asset Management Inc. owned about 0.05% of Camping World worth $1,014,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in shares of Camping World by 5.2% during the 1st quarter. Raymond James & Associates now owns 49,959 shares of the company’s stock valued at $1,396,000 after acquiring an additional 2,448 shares during the period. Bank of New York Mellon Corp grew its position in shares of Camping World by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 525,929 shares of the company’s stock valued at $14,700,000 after acquiring an additional 17,443 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Camping World by 63.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,766 shares of the company’s stock valued at $1,279,000 after acquiring an additional 17,848 shares during the period. MetLife Investment Management LLC grew its position in shares of Camping World by 51.1% during the 1st quarter. MetLife Investment Management LLC now owns 23,224 shares of the company’s stock valued at $649,000 after acquiring an additional 7,855 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of Camping World by 12,962.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 369,786 shares of the company’s stock valued at $10,318,000 after acquiring an additional 366,955 shares during the period. 36.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWH has been the topic of a number of analyst reports. TheStreet cut shares of Camping World from a “b-” rating to a “c” rating in a research note on Tuesday, February 21st. StockNews.com began coverage on shares of Camping World in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Stephens reiterated an “overweight” rating and set a $31.00 price target on shares of Camping World in a report on Wednesday, February 22nd. KeyCorp began coverage on shares of Camping World in a report on Wednesday, April 19th. They set an “overweight” rating and a $25.00 price target on the stock. Finally, Raymond James cut their price target on shares of Camping World from $28.00 to $27.00 in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Camping World has an average rating of “Moderate Buy” and an average target price of $30.86.

Camping World Price Performance

Camping World stock opened at $26.85 on Friday. The company’s 50 day simple moving average is $22.49 and its 200-day simple moving average is $23.89. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 11.99 and a beta of 2.55. Camping World Holdings, Inc. has a 1 year low of $18.69 and a 1 year high of $33.99. The company has a debt-to-equity ratio of 7.30, a quick ratio of 0.21 and a current ratio of 1.39.

Camping World (NYSE:CWH – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.22. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Camping World had a net margin of 1.40% and a return on equity of 41.01%. As a group, equities research analysts expect that Camping World Holdings, Inc. will post 1.14 earnings per share for the current year.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Wednesday, June 14th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 9.31%. The ex-dividend date is Tuesday, June 13th. Camping World’s dividend payout ratio (DPR) is presently 111.61%.

Camping World Profile

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Camping World Holdings, Inc operates as a retailer of recreational vehicles (RV) and related products and services. It operates through the following segments: Good Sam Services & Plans, and RV & Outdoor Retail. The Good Sam Services & Plans segment consists of programs, plans, and services that are geared towards protecting, insuring, and promoting the RV lifestyle.