Hsbc Holdings PLC Decreases Position in Camping World $CWH

Hsbc Holdings PLC lowered its position in Camping World (NYSE:CWH) by 22.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,448 shares of the company’s stock after selling 6,308 shares during the quarter. Hsbc Holdings PLC’s holdings in Camping World were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP lifted its stake in Camping World by 309.5% in the first quarter. Versor Investments LP now owns 51,600 shares of the company’s stock valued at $834,000 after buying an additional 39,000 shares during the last quarter. Algert Global LLC lifted its stake in Camping World by 67.8% in the first quarter. Algert Global LLC now owns 154,840 shares of the company’s stock valued at $2,502,000 after buying an additional 62,560 shares during the last quarter. Corient IA LLC purchased a new stake in Camping World in the first quarter valued at approximately $162,000. American Century Companies Inc. lifted its stake in Camping World by 23.3% in the first quarter. American Century Companies Inc. now owns 112,652 shares of the company’s stock valued at $1,820,000 after buying an additional 21,310 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Camping World in the first quarter valued at approximately $2,873,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial boosted their price objective on Camping World from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Raymond James Financial reduced their price objective on Camping World from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. KeyCorp upped their price target on Camping World from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Finally, Citigroup restated a “buy” rating and set a $23.00 price target (up previously from $21.00) on shares of Camping World in a research note on Monday, June 16th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Camping World presently has an average rating of “Moderate Buy” and an average price target of $21.78.

Camping World Trading Up 0.1%

NYSE:CWH opened at $17.26 on Thursday. The stock has a fifty day moving average price of $17.23 and a two-hundred day moving average price of $16.68. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -86.31 and a beta of 1.92. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26. Camping World has a 1 year low of $11.17 and a 1 year high of $25.97.

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

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.