Verition Fund Management LLC grew its position in Camping World Holdings, Inc. (NYSE:CWH - Free Report) by 437.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,051 shares of the company's stock after buying an additional 44,800 shares during the period. Verition Fund Management LLC owned 0.06% of Camping World worth $1,333,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of CWH. Quest Partners LLC boosted its holdings in Camping World by 5,647.8% in the third quarter. Quest Partners LLC now owns 1,322 shares of the company's stock worth $32,000 after acquiring an additional 1,299 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Camping World during the 2nd quarter valued at approximately $50,000. Truvestments Capital LLC purchased a new position in shares of Camping World in the third quarter worth $165,000. nVerses Capital LLC acquired a new stake in shares of Camping World during the third quarter worth $191,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Camping World during the third quarter valued at $214,000. Institutional investors own 52.54% of the company's stock.
Insider Activity at Camping World
In related news, CEO Marcus Lemonis sold 125,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total value of $2,855,000.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 43.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on CWH shares. KeyCorp lifted 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $24.00 price target (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. Truist Financial upped their price objective on shares of Camping World from $26.00 to $28.00 and gave the company a "buy" rating in a report on Friday, September 20th. Monness Crespi & Hardt raised their target price on shares of Camping World from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Finally, StockNews.com raised Camping World from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Camping World has an average rating of "Moderate Buy" and a consensus price target of $27.75.
Get Our Latest Research Report on Camping World
Camping World Price Performance
CWH stock traded up $0.70 during midday trading on Friday, reaching $24.69. The stock had a trading volume of 1,143,094 shares, compared to its average volume of 1,133,897. Camping World Holdings, Inc. has a 52-week low of $17.29 and a 52-week high of $28.72. 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 company's fifty day simple moving average is $23.11 and its 200 day simple moving average is $21.55. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -35.78 and a beta of 2.49.
Camping World Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.03%. Camping World's dividend payout ratio (DPR) is presently -72.46%.
About Camping World
(
Free Report)
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.
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