Camping World Holdings Inc (NYSE:CWH) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,321,629 shares, an increase of 96.6% from the March 15th total of 672,279 shares. Currently, 13.1% of the company’s shares are sold short. Based on an average trading volume of 331,509 shares, the days-to-cover ratio is presently 4.0 days.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Columbia Wanger Asset Management LLC acquired a new position in shares of Camping World Holdings during the fourth quarter valued at about $31,260,000. Royce & Associates LP acquired a new position in shares of Camping World Holdings during the fourth quarter valued at about $23,889,000. Loomis Sayles & Co. L P acquired a new position in shares of Camping World Holdings during the fourth quarter valued at about $14,344,000. Alyeska Investment Group L.P. acquired a new position in shares of Camping World Holdings during the fourth quarter valued at about $10,739,000. Finally, Federated Investors Inc. PA acquired a new position in shares of Camping World Holdings during the fourth quarter valued at about $6,518,000. 9.52% of the stock is currently owned by institutional investors.
Shares of Camping World Holdings (NYSE:CWH) opened at 31.07 on Friday. The company’s 50-day moving average is $31.62 and its 200-day moving average is $29.34. Camping World Holdings has a 12 month low of $20.45 and a 12 month high of $36.60. The firm has a market cap of $588.62 million and a price-to-earnings ratio of 361.28.
Camping World Holdings (NYSE:CWH) last issued its earnings results on Wednesday, March 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The business earned $670 million during the quarter, compared to the consensus estimate of $677.86 million. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. On average, equities research analysts forecast that Camping World Holdings will post $1.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Wednesday, March 15th.
CWH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Camping World Holdings from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, January 3rd. Vetr upgraded shares of Camping World Holdings from a “buy” rating to a “strong-buy” rating and set a $35.49 target price on the stock in a research report on Monday, January 16th. Finally, Forward View lowered shares of Camping World Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Thursday, March 16th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Camping World Holdings presently has an average rating of “Buy” and a consensus target price of $30.07.
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About Camping World Holdings
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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