Promoting by Marcus Lemonis of 272,097 shares of Tenting World Holdings, Inc.

0
11

On November 22, Camping World Holdings, Inc. (NYSE:CWH) CEO Marcus Lemonis sold 272,097 shares of the company’s stock. A total of $7,498,993.32 was traded, or an average of $27.56 per share. Following the transaction, the CEO now directly owns 600,171 shares of the company, valued at $16,540,712.76. You can access a document describing the sale filed with the SEC by clicking this link.

Camping World (NYSE:CWH)’s most recent quarterly report was released on November 1st. The company’s earnings per share of $0.93 for the quarter fell $0.19 short of the median analyst estimate of $1.12. For the quarter, analysts were expecting $1.82 billion in revenue for the company; In fact, $1.86 billion was earned. At Camping World, return on equity was 65.7% and net margin was 2.79%. Research analysts predict that Camping World Holdings, Inc. will produce an average of 3.78 EPS for the current fiscal year.
The company also issued a quarterly dividend, which will be paid on December 29. Those investors with records as of Dec 14 will be paid a dividend of $0.625. The ex-dividend date for this dividend is Tuesday December 13th. That translates into a $2.50 dividend with an 8.95% annual yield. Camping World’s current dividend payout ratio is 55.07%.

NYSE:CWH shares fell $0.13 on Friday to end the day at $27.92. The company’s shares saw trading activity of 174,553 shares as opposed to its typical volume of 1,224,835 shares. The stock has a market cap of $2.33 billion, a PE ratio of 6.18 and a beta of 2.60. Camping World Holdings, Inc. 12-month low and 12-month high are $20.85 and $46.77, respectively. The company’s current quick, current, and debt-to-equity ratios are 4.40, 0.25, and 1.42, respectively. 50- and 200-day simple moving averages for the company are $26.71 and $27.07, respectively.

CWH stock has recently been bought and sold by numerous hedge funds and institutional investors. Advisor Group Holdings Inc. increased its stake in Camping World by 31.4% in the first quarter. Advisor Group Holdings Inc. now owns 12,102 shares of the company’s stock valued at $775,000 after purchasing an additional 2,895 shares over the past three months. During the second quarter, CIBC Private Wealth Group LLC increased its stake in Camping World by nearly $786,000. Matrix Private Capital Group LLC increased its stake in Camping World by 26.9% in the first quarter. Compared to two years ago, Matrix Private Capital Group LLC currently holds 4,350 more shares of the company for a total market value of $574,000. Adirondack Retirement Specialists Inc. increased its stake in Camping World by 196.3% in the second quarter. Adirondack Retirement Specialists Inc. increased its purchased shares by 398,192 during the most recent quarter, bringing the total number of shares purchased to 601,035 at a price of $13,962,000. Last but not least, Trek Financial LLC increased its stake in Camping World by approximately $3,062,000 during the first quarter. 38.15% of the shares are held by hedge funds and other institutional investors.

The stock has recently been discussed by a number of equity analysts. Monness Crespi & Hardt raised their target price on Camping World shares to $36.00 from $32.00 and gave the stock a buy rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. lowered its target price on Camping World to $37.00 from $46.00 and gave the stock an “overweight” rating in a research report published Nov. 3. On Wednesday, October 12th, a post was published detailing StockNews.com’s coverage of Camping World. They rated the stock as “keep.” In a research note published on Friday, September 23, Truist Financial lowered its “hold” rating on Camping World and lowered its price target on the company to $25.00 from $30.00. The Street upgraded Camping World from a “c+” rating to a “b-” rating in a research note on Friday 12 August. While four analysts recommended holding the stock, three analysts gave the company’s shares a buy rating. The current consensus price target for Camping World is $32.83 and the company now has an average hold rating.