Cerity Partners LLC Buys New Shares in Camping World Holdings, Inc. (NYSE:CWH)

Cerity Partners LLC bought a new stake in Camping World Holdings, Inc. (NYSE:CWHGet Rating) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HG Vora Capital Management LLC acquired a new stake in Camping World during the first quarter worth about $117,390,000. Adirondack Retirement Specialists Inc. increased its stake in Camping World by 196.3% during the second quarter. Adirondack Retirement Specialists Inc. now owns 601,035 shares of the company’s stock worth $13,962,000 after acquiring an additional 398,192 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Camping World by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 525,929 shares of the company’s stock worth $14,700,000 after acquiring an additional 17,443 shares during the last quarter. Victory Capital Management Inc. increased its stake in Camping World by 24.2% during the second quarter. Victory Capital Management Inc. now owns 453,454 shares of the company’s stock worth $9,790,000 after acquiring an additional 88,482 shares during the last quarter. Finally, Stansberry Asset Management LLC increased its stake in Camping World by 1,099.3% during the first quarter. Stansberry Asset Management LLC now owns 408,464 shares of the company’s stock worth $11,416,000 after acquiring an additional 374,406 shares during the last quarter. 38.15% of the stock is currently owned by institutional investors and hedge funds.

Camping World Price Performance

Shares of NYSE CWH opened at $27.60 on Wednesday. Camping World Holdings, Inc. has a 1-year low of $20.85 and a 1-year high of $46.77. The business has a 50-day moving average of $26.89 and a 200-day moving average of $27.06. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.42 and a quick ratio of 0.25. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 6.08 and a beta of 2.60.

Camping World (NYSE:CWHGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.19). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Camping World had a net margin of 2.79% and a return on equity of 65.79%. On average, equities analysts anticipate that Camping World Holdings, Inc. will post 3.94 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, December 14th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date is Tuesday, December 13th. Camping World’s dividend payout ratio is presently 55.07%.

Insiders Place Their Bets

In other Camping World news, CFO Karin L. Bell sold 16,953 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $30.08, for a total transaction of $509,946.24. Following the transaction, the chief financial officer now owns 105,898 shares of the company’s stock, valued at approximately $3,185,411.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. 47.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CWH has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on Camping World from $46.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. TheStreet upgraded Camping World from a “c+” rating to a “b-” rating in a research note on Friday, August 12th. Truist Financial decreased their target price on Camping World from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, September 23rd. StockNews.com assumed coverage on Camping World in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Raymond James decreased their target price on Camping World from $36.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Camping World presently has an average rating of “Hold” and a consensus target price of $32.83.

Camping World Company Profile

(Get Rating)

Camping World Holdings, Inc, through its subsidiaries, retails recreational vehicles (RVs), and related products and services. 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.

See Also

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Institutional Ownership by Quarter for Camping World (NYSE:CWH)

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