Citigroup Inc. Sells 12,586 Shares of Camping World Holdings, Inc. (NYSE:CWH)

Citigroup Inc. lowered its stake in shares of Camping World Holdings, Inc. (NYSE:CWH) by 49.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,918 shares of the company’s stock after selling 12,586 shares during the period. Citigroup Inc.’s holdings in Camping World were worth $264,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in Camping World by 57.0% during the third quarter. American Century Companies Inc. now owns 31,529 shares of the company’s stock worth $644,000 after buying an additional 11,446 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Camping World by 40.8% during the 3rd quarter. Deutsche Bank AG now owns 387,831 shares of the company’s stock worth $7,916,000 after purchasing an additional 112,478 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of Camping World in the 3rd quarter valued at about $461,000. Morgan Stanley lifted its stake in Camping World by 38.6% in the 3rd quarter. Morgan Stanley now owns 1,065,611 shares of the company’s stock valued at $21,749,000 after purchasing an additional 296,992 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Camping World by 33.9% during the third quarter. The Manufacturers Life Insurance Company now owns 21,624 shares of the company’s stock worth $441,000 after purchasing an additional 5,478 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CWH. Roth Mkm assumed coverage on Camping World in a research report on Wednesday, December 13th. They issued a “buy” rating and a $30.00 price objective for the company. StockNews.com downgraded shares of Camping World from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Citigroup increased their price target on shares of Camping World from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Stephens restated an “overweight” rating and set a $28.00 price objective (up previously from $26.00) on shares of Camping World in a report on Wednesday, January 17th. Finally, KeyCorp increased their target price on Camping World from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.64.

Camping World Trading Up 2.6 %

Shares of NYSE:CWH opened at $26.90 on Thursday. The company has a market capitalization of $2.27 billion, a P/E ratio of 51.73 and a beta of 2.61. The company has a debt-to-equity ratio of 7.55, a current ratio of 1.21 and a quick ratio of 0.16. The business’s 50 day simple moving average is $25.91 and its 200 day simple moving average is $23.08. Camping World Holdings, Inc. has a 1 year low of $16.18 and a 1 year high of $32.88.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.06. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.15 billion. Camping World had a return on equity of 16.62% and a net margin of 0.50%. Camping World’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.33) EPS. On average, research analysts anticipate that Camping World Holdings, Inc. will post 1.06 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, March 14th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, March 13th. Camping World’s payout ratio is presently 96.16%.

Insider Transactions at Camping World

In related news, CEO Marcus Lemonis sold 100,000 shares of Camping World stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.63, for a total value of $2,563,000.00. Following the transaction, the chief executive officer now directly owns 405,268 shares of the company’s stock, valued at $10,387,018.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.20% of the stock is currently owned by insiders.

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.