JPMorgan Chase & Co. Buys 251,748 Shares of Camping World Holdings, Inc. (NYSE:CWH)

JPMorgan Chase & Co. lifted its holdings in Camping World Holdings, Inc. (NYSE:CWH - Free Report) by 611.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 292,888 shares of the company's stock after purchasing an additional 251,748 shares during the period. JPMorgan Chase & Co. owned 0.34% of Camping World worth $7,094,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Camping World by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 978,330 shares of the company's stock worth $23,701,000 after purchasing an additional 41,705 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 worth $15,798,000 after buying an additional 65,798 shares in the last quarter. Barclays PLC increased its stake in Camping World by 96.9% during the third quarter. Barclays PLC now owns 317,052 shares of the company's stock valued at $7,678,000 after acquiring an additional 156,055 shares during the period. Wellington Management Group LLP acquired a new position in Camping World in the 3rd quarter valued at approximately $2,578,000. Finally, Citigroup Inc. lifted its position in shares of Camping World by 22.6% in the 3rd quarter. Citigroup Inc. now owns 360,258 shares of the company's stock worth $8,725,000 after acquiring an additional 66,355 shares during the period. Institutional investors and hedge funds own 52.54% of the company's stock.

Camping World Price Performance

Camping World stock traded up $0.73 during trading hours on Wednesday, hitting $22.87. 2,108,171 shares of the stock were exchanged, compared to its average volume of 1,365,063. The stock has a market capitalization of $1.94 billion, a P/E ratio of -33.14 and a beta of 2.49. The business's 50-day moving average is $22.78 and its two-hundred day moving average is $22.10. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. Camping World Holdings, Inc. has a 12 month low of $17.29 and a 12 month high of $28.72.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.19%. Camping World's dividend payout ratio is -72.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. 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. KeyCorp increased their price objective on shares of Camping World from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Camping World from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Raymond James raised shares of Camping World from a "market perform" rating to an "outperform" rating and set a $27.00 target price on the stock in a research note on Wednesday, October 30th. Finally, Bank of America started coverage on shares of Camping World in a research note on Thursday, December 19th. They set a "buy" rating and a $30.00 price target for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.78.

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.