Weiss Asset Management LP bought a new position in shares of Camping World Holdings, Inc. (NYSE:CWH - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 76,411 shares of the company's stock, valued at approximately $1,851,000. Weiss Asset Management LP owned 0.09% of Camping World as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Moors & Cabot Inc. increased its holdings in Camping World by 2.9% during the 2nd quarter. Moors & Cabot Inc. now owns 19,065 shares of the company's stock worth $340,000 after purchasing an additional 531 shares during the period. Creative Planning raised its holdings in shares of Camping World by 8.7% in the third quarter. Creative Planning now owns 11,133 shares of the company's stock valued at $270,000 after acquiring an additional 892 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Camping World by 1.6% in the third quarter. Verdence Capital Advisors LLC now owns 62,603 shares of the company's stock worth $1,516,000 after acquiring an additional 965 shares during the period. Quest Partners LLC grew its holdings in Camping World by 5,647.8% during the 3rd 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. Finally, Price T Rowe Associates Inc. MD increased its position in Camping World by 8.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company's stock valued at $545,000 after purchasing an additional 1,477 shares during the period. Institutional investors own 52.54% of the company's stock.
Insider Activity
In related news, CEO Marcus Lemonis sold 125,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the completion of the transaction, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,546,321.12. The trade was a 44.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 43.80% of the company's stock.
Analysts Set New Price Targets
CWH has been the topic of a number of recent research reports. Monness Crespi & Hardt increased their price objective 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 lifted their price target on Camping World from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. restated a "neutral" rating and set a $24.00 price objective (down from $25.00) on shares of Camping World in a research note on Monday, October 21st. Roth Mkm reiterated a "buy" rating and issued a $28.00 target price (up previously from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. Finally, Raymond James upgraded shares of Camping World from a "market perform" rating to an "outperform" rating and set a $27.00 target price for the company in a report on Wednesday, October 30th. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.75.
Read Our Latest Stock Report on Camping World
Camping World Stock Performance
CWH stock traded up $0.70 during trading on Friday, reaching $24.69. The company had a trading volume of 1,143,094 shares, compared to its average volume of 1,133,897. 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 twelve month low of $17.29 and a twelve month high of $28.72. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -35.78 and a beta of 2.49. The firm has a 50-day simple moving average of $23.11 and a 200-day simple moving average of $21.55.
Camping World Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, December 13th. This represents a $0.50 annualized dividend and a yield of 2.03%. Camping World's payout ratio 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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