Soros Fund Management LLC Invests $6.05 Million in Camping World Holdings, Inc. (NYSE:CWH)

Soros Fund Management LLC acquired a new position in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 249,900 shares of the company's stock, valued at approximately $6,053,000. Soros Fund Management LLC owned approximately 0.29% of Camping World at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Eminence Capital LP raised its stake in shares of Camping World by 79.8% during the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company's stock worth $77,589,000 after buying an additional 1,927,977 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Camping World by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 718,578 shares of the company's stock worth $12,834,000 after buying an additional 121,022 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Camping World by 11.2% in the 3rd 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 during the period. Citigroup Inc. boosted its holdings in Camping World by 22.6% in the third 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. Finally, Wealth Enhancement Advisory Services LLC grew its position in Camping World by 3.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 350,881 shares of the company's stock valued at $6,267,000 after acquiring an additional 13,266 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Stock Up 1.8 %

NYSE:CWH traded up $0.42 during mid-day trading on Friday, reaching $24.41. The stock had a trading volume of 346,305 shares, compared to its average volume of 1,090,401. The stock's 50 day simple moving average is $23.11 and its two-hundred day simple moving average is $21.51. Camping World Holdings, Inc. has a 1-year low of $17.29 and a 1-year high of $28.72. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -34.75 and a beta of 2.49. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, December 13th. Camping World's dividend payout ratio is currently -72.46%.

Insider Buying and Selling

In other news, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,546,321.12. This represents a 44.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CWH. Roth Mkm reaffirmed a "buy" rating and issued a $28.00 price objective (up from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $24.00 price target (down from $25.00) on shares of Camping World in a research report on Monday, October 21st. Monness Crespi & Hardt raised their target price on shares of Camping World from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 27th. KeyCorp upped their price target on shares of Camping World from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their target price on Camping World from $26.00 to $28.00 and gave the company a "buy" rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.75.

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.