Advisors Asset Management Inc. Sells 82,914 Shares of Camping World Holdings, Inc. (NYSE:CWH)

Advisors Asset Management Inc. trimmed its stake in shares of Camping World Holdings, Inc. (NYSE:CWH) by 60.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,798 shares of the company’s stock after selling 82,914 shares during the period. Advisors Asset Management Inc.’s holdings in Camping World were worth $1,303,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its position in Camping World by 6,495.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after buying an additional 3,897 shares during the last quarter. ProShare Advisors LLC bought a new position in Camping World in the first quarter valued at about $209,000. Vanguard Group Inc. increased its position in Camping World by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,075,412 shares of the company’s stock worth $113,500,000 after purchasing an additional 40,137 shares during the period. Price T Rowe Associates Inc. MD raised its holdings 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 worth $545,000 after purchasing an additional 1,477 shares during the last quarter. Finally, Castleark Management LLC acquired a new position in Camping World during the 1st quarter valued at about $5,028,000. 52.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CWH. Truist Financial boosted their price target 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. Monness Crespi & Hardt raised their price target on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Raymond James upgraded Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Wednesday, October 30th. KeyCorp raised their target price on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Camping World currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.75.

Camping World Price Performance

NYSE CWH opened at $25.14 on Tuesday. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -36.45 and a beta of 2.49. The business has a 50 day simple moving average of $23.10 and a 200 day simple moving average of $21.33. 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 disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 annualized dividend and a yield of 1.99%. Camping World’s dividend payout ratio is currently -72.46%.

Insider Buying and Selling

In other news, CEO Marcus Lemonis sold 121,450 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total value of $2,647,610.00. Following the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,384,842.40. The trade was a 43.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 43.80% of the company’s stock.

Camping World Company 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.