Kingsview Wealth Management LLC Sells 4,665 Shares of Camping World Holdings, Inc. (NYSE:CWH)

Kingsview Wealth Management LLC cut its holdings in Camping World Holdings, Inc. (NYSE:CWH) by 28.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,577 shares of the company’s stock after selling 4,665 shares during the period. Kingsview Wealth Management LLC’s holdings in Camping World were worth $280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quest Partners LLC grew its position in Camping World by 5,647.8% during the third quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock valued at $32,000 after buying an additional 1,299 shares during the period. Point72 DIFC Ltd bought a new position in shares of Camping World during the 2nd quarter valued at approximately $50,000. Russell Investments Group Ltd. increased its stake in shares of Camping World by 6,495.0% during the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after purchasing an additional 3,897 shares during the last quarter. nVerses Capital LLC purchased a new stake in Camping World in the third quarter worth $191,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Camping World in the third quarter valued at $240,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Camping World

In related news, CEO Marcus Lemonis sold 125,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the transaction, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. This trade represents a 44.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 43.80% of the company’s stock.

Camping World Stock Down 0.3 %

CWH stock opened at $24.48 on Friday. Camping World Holdings, Inc. has a 1-year low of $17.29 and a 1-year high of $28.72. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -35.48 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 company’s 50 day moving average is $23.16 and its 200 day moving average is $21.44.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid 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 yield of 2.04%. Camping World’s dividend payout ratio is presently -72.46%.

Analyst Ratings Changes

Several brokerages recently weighed in on CWH. Truist Financial lifted their price objective on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 20th. KeyCorp lifted their target price on shares of Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 price target (down from $25.00) on shares of Camping World in a research note on Monday, October 21st. Raymond James raised shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a report on Wednesday, October 30th. Finally, Roth Mkm restated 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. 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 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.