Charles Schwab Investment Management Inc. Lowers Position in Camping World $CWH

Charles Schwab Investment Management Inc. decreased its holdings in shares of Camping World (NYSE:CWH) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 816,488 shares of the company’s stock after selling 11,335 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.80% of Camping World worth $13,194,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. A&I Financial Services LLC lifted its position in Camping World by 11.3% in the 1st quarter. A&I Financial Services LLC now owns 25,302 shares of the company’s stock worth $409,000 after buying an additional 2,567 shares during the last quarter. Byrne Asset Management LLC bought a new position in Camping World during the first quarter valued at approximately $44,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Camping World during the fourth quarter worth approximately $63,000. The Manufacturers Life Insurance Company grew its holdings in shares of Camping World by 19.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 18,944 shares of the company’s stock valued at $399,000 after purchasing an additional 3,095 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Camping World by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 294,845 shares of the company’s stock worth $4,765,000 after purchasing an additional 3,761 shares during the period. 52.54% of the stock is currently owned by institutional investors.

Camping World Trading Up 3.6%

CWH opened at $17.5530 on Friday. Camping World has a one year low of $11.17 and a one year high of $25.97. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24. The business has a 50 day simple moving average of $17.33 and a two-hundred day simple moving average of $16.94. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -87.76 and a beta of 1.76.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. Camping World’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts predict that Camping World will post -0.66 EPS for the current year.

Wall Street Analyst Weigh In

CWH has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Camping World from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. upgraded Camping World from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $23.00 to $21.00 in a report on Thursday, May 1st. KeyCorp raised their price target on Camping World from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Citigroup reaffirmed a “buy” rating and issued a $23.00 price target (up from $21.00) on shares of Camping World in a research note on Monday, June 16th. Finally, Raymond James Financial lowered their price objective on Camping World from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.78.

Camping World Company 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.