Wellington Management Group LLP Purchases Shares of 106,443 Camping World Holdings, Inc. (NYSE:CWH)

Wellington Management Group LLP purchased a new position in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 106,443 shares of the company's stock, valued at approximately $2,578,000. Wellington Management Group LLP owned approximately 0.13% of Camping World at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CWH. Charles Schwab Investment Management Inc. raised its stake in Camping World by 11.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,269 shares of the company's stock valued at $15,798,000 after buying an additional 65,798 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Camping World by 22.6% in the 3rd quarter. Citigroup Inc. now owns 360,258 shares of the company's stock valued at $8,725,000 after acquiring an additional 66,355 shares during the last quarter. Coronation Fund Managers Ltd. raised its position in shares of Camping World by 42.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company's stock valued at $4,084,000 after acquiring an additional 68,517 shares in the last quarter. Eminence Capital LP lifted its stake in Camping World by 79.8% during the second quarter. Eminence Capital LP now owns 4,344,303 shares of the company's stock worth $77,589,000 after purchasing an additional 1,927,977 shares during the last quarter. Finally, Holocene Advisors LP lifted its stake in Camping World by 75.8% during the third quarter. Holocene Advisors LP now owns 107,347 shares of the company's stock worth $2,600,000 after purchasing an additional 46,273 shares during the last quarter. Institutional investors own 52.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CWH. StockNews.com raised shares of Camping World from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $24.00 price objective (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Truist Financial lifted their target price on Camping World from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, September 20th. KeyCorp increased their price target on Camping World from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt boosted their price objective on Camping World from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Camping World has a consensus rating of "Moderate Buy" and a consensus target price of $27.75.

Camping World Stock Performance

CWH traded down $0.76 during trading hours on Wednesday, hitting $21.00. The company's stock had a trading volume of 1,486,051 shares, compared to its average volume of 1,095,270. The company has a 50-day simple moving average of $23.09 and a 200 day simple moving average of $21.75. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The firm has a market capitalization of $1.78 billion, a PE ratio of -30.43 and a beta of 2.49. Camping World Holdings, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $28.72.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, December 13th. Camping World's dividend payout ratio is currently -72.46%.

About Camping World

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.