Camping World Holdings, Inc. (NYSE:CWH) Sees Significant Decline in Short Interest

Camping World Holdings, Inc. (NYSE:CWH) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 7,050,000 shares, a decrease of 6.7% from the January 15th total of 7,560,000 shares. Based on an average daily volume of 1,260,000 shares, the days-to-cover ratio is presently 5.6 days.

Institutional Trading of Camping World

A number of institutional investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC purchased a new stake in shares of Camping World in the fourth quarter worth about $62,142,000. Vanguard Group Inc. increased its holdings in Camping World by 39.2% during the 4th quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock worth $122,003,000 after acquiring an additional 1,630,307 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Camping World in the 4th quarter worth approximately $33,698,000. Interval Partners LP boosted its holdings in Camping World by 71.8% in the 4th quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock valued at $60,623,000 after purchasing an additional 1,202,258 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Camping World by 39.8% during the 4th quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock valued at $72,151,000 after purchasing an additional 975,168 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CWH. Raymond James upgraded shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. KeyCorp boosted their target price on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Roth Mkm reissued a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.71.

Camping World Trading Down 2.0 %

Shares of CWH stock opened at $22.32 on Wednesday. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -32.34, a PEG ratio of 1.00 and a beta of 2.49. The company’s fifty day simple moving average is $22.31 and its two-hundred day simple moving average is $22.50. Camping World has a 1 year low of $17.29 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.24%. Camping World’s payout ratio is -72.46%.

About Camping World

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.