Atom Investors LP Decreases Stake in Camping World Holdings, Inc. (NYSE:CWH)

Atom Investors LP trimmed its holdings in Camping World Holdings, Inc. (NYSE:CWH) by 31.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 187,875 shares of the company’s stock after selling 88,033 shares during the quarter. Atom Investors LP’s holdings in Camping World were worth $4,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Coronation Fund Managers Ltd. raised its holdings in Camping World by 42.8% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock valued at $4,084,000 after acquiring an additional 68,517 shares during the last quarter. Eminence Capital LP lifted its position in Camping World by 79.8% during the second 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 in the last quarter. Citigroup Inc. lifted its position in Camping World by 22.6% during the third quarter. Citigroup Inc. now owns 360,258 shares of the company’s stock worth $8,725,000 after buying an additional 66,355 shares in the last quarter. Vanguard Group Inc. boosted its stake in Camping World by 1.0% during the first quarter. Vanguard Group Inc. now owns 4,075,412 shares of the company’s stock worth $113,500,000 after buying an additional 40,137 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Camping World by 419.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 48,812 shares of the company’s stock valued at $872,000 after buying an additional 39,412 shares in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 121,450 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the sale, the chief executive officer now owns 155,268 shares in the company, valued at $3,384,842.40. This represents a 43.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 43.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CWH shares. Truist Financial boosted their price target on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Roth Mkm reissued a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. KeyCorp lifted their price target on shares of Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $24.00 price target (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Camping World has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.

Camping World Price Performance

CWH opened at $24.44 on Monday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -35.42 and a beta of 2.49. 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 stock’s 50-day moving average price is $23.16 and its 200 day moving average price is $21.43. 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 disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, December 13th. Camping World’s dividend payout ratio (DPR) is currently -72.46%.

Camping World 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.