HighTower Advisors LLC Trims Stake in Camping World Holdings, Inc. (NYSE:CWH)

HighTower Advisors LLC trimmed its position in Camping World Holdings, Inc. (NYSE:CWH) by 27.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,341 shares of the company’s stock after selling 11,620 shares during the quarter. HighTower Advisors LLC’s holdings in Camping World were worth $756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CWH. Bank of New York Mellon Corp lifted its stake in Camping World by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 336,682 shares of the company’s stock worth $6,013,000 after acquiring an additional 21,842 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Camping World by 17.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 61,638 shares of the company’s stock worth $1,101,000 after purchasing an additional 9,086 shares during the period. TrueMark Investments LLC bought a new position in shares of Camping World during the second quarter valued at approximately $1,181,000. Telos Capital Management Inc. purchased a new position in Camping World during the second quarter valued at approximately $196,000. Finally, Game Plan Financial Advisors LLC raised its stake in Camping World by 142.1% in the second quarter. Game Plan Financial Advisors LLC now owns 60,954 shares of the company’s stock worth $1,089,000 after buying an additional 35,779 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CWH has been the topic of several recent research reports. Roth Mkm reaffirmed a “buy” rating and set a $28.00 target price (up previously from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. StockNews.com upgraded Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Monness Crespi & Hardt boosted 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. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 price target (down from $25.00) on shares of Camping World in a report on Monday, October 21st. Finally, Truist Financial boosted their price objective on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Camping World presently has an average rating of “Moderate Buy” and a consensus price target of $27.75.

Camping World Stock Performance

CWH opened at $21.00 on Thursday. The firm’s 50-day moving average price is $23.09 and its 200-day moving average price is $21.75. The company has a market cap of $1.78 billion, a P/E ratio of -30.43 and a beta of 2.49. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. Camping World Holdings, Inc. has a 52-week low of $17.29 and a 52-week high of $28.72.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued 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 2.38%. Camping World’s dividend payout ratio is currently -72.46%.

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.