Jane Street Group LLC Sells 517,269 Shares of Camping World Holdings Inc (CWH)
Jane Street Group LLC decreased its holdings in Camping World Holdings Inc (NYSE:CWH) by 97.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,231 shares of the company’s stock after selling 517,269 shares during the quarter. Jane Street Group LLC’s holdings in Camping World were worth $163,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Rehmann Capital Advisory Group raised its stake in Camping World by 1,706.4% in the third quarter. Rehmann Capital Advisory Group now owns 3,667 shares of the company’s stock worth $172,000 after buying an additional 3,464 shares in the last quarter. Pearl River Capital LLC bought a new position in Camping World in the fourth quarter worth approximately $42,000. Tower Research Capital LLC TRC raised its stake in Camping World by 156,866.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,709 shares of the company’s stock worth $100,000 after buying an additional 4,706 shares in the last quarter. Hodges Capital Management Inc. bought a new position in Camping World in the fourth quarter worth approximately $115,000. Finally, Camelot Portfolios LLC bought a new position in Camping World in the fourth quarter worth approximately $115,000. 41.70% of the stock is owned by institutional investors.
A number of equities analysts recently commented on CWH shares. Citigroup set a $16.00 price objective on shares of Camping World and gave the stock a “buy” rating in a research note on Friday, March 22nd. Zacks Investment Research downgraded shares of Camping World from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Jefferies Financial Group assumed coverage on shares of Camping World in a research note on Thursday, March 28th. They issued a “hold” rating and a $15.00 price objective for the company. Credit Suisse Group cut their price target on shares of Camping World from $18.50 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Finally, Goldman Sachs Group lowered shares of Camping World from a “buy” rating to a “neutral” rating and cut their price target for the stock from $28.00 to $15.00 in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Camping World has an average rating of “Hold” and a consensus target price of $23.42.
Camping World (NYSE:CWH) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.38). The company had revenue of $982.39 million for the quarter, compared to analysts’ expectations of $973.80 million. Camping World had a net margin of 0.31% and a return on equity of 135.20%. Sell-side analysts anticipate that Camping World Holdings Inc will post 1.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, March 14th. Camping World’s dividend payout ratio (DPR) is presently 28.57%.
In related news, major shareholder Abrams Capital Management, L.P acquired 29,904 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $11.94 per share, with a total value of $357,053.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marcus Lemonis acquired 99,094 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $13.27 per share, for a total transaction of $1,314,977.38. The disclosure for this purchase can be found here. Insiders have bought 185,648 shares of company stock worth $2,406,215 over the last three months. Corporate insiders own 49.20% of the company’s stock.
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Camping World Company Profile
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides 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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