Raymond James Financial Services Advisors Inc. Cuts Stake in Camping World Holdings, Inc. (NYSE:CWH)

Raymond James Financial Services Advisors Inc. lowered its position in Camping World Holdings, Inc. (NYSE:CWHGet Rating) by 1.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 90,314 shares of the company’s stock after selling 1,714 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Camping World were worth $2,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Adirondack Retirement Specialists Inc. boosted its stake in Camping World by 196.3% in the second quarter. Adirondack Retirement Specialists Inc. now owns 601,035 shares of the company’s stock worth $13,962,000 after buying an additional 398,192 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Camping World by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 525,929 shares of the company’s stock worth $14,700,000 after buying an additional 17,443 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Camping World by 24.2% in the second quarter. Victory Capital Management Inc. now owns 453,454 shares of the company’s stock worth $9,790,000 after buying an additional 88,482 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Camping World by 16.5% during the first quarter. Dimensional Fund Advisors LP now owns 387,593 shares of the company’s stock valued at $10,835,000 after purchasing an additional 55,017 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Camping World by 14.6% during the second quarter. Advisors Asset Management Inc. now owns 374,869 shares of the company’s stock valued at $8,093,000 after purchasing an additional 47,684 shares during the period. Hedge funds and other institutional investors own 36.92% of the company’s stock.

Camping World Price Performance

Shares of Camping World stock opened at $25.71 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 1.42 and a debt-to-equity ratio of 4.40. The company has a market cap of $2.15 billion, a PE ratio of 5.66 and a beta of 2.56. The business has a 50 day moving average of $25.12 and a 200 day moving average of $26.65. Camping World Holdings, Inc. has a 52 week low of $20.55 and a 52 week high of $37.45.

Camping World (NYSE:CWHGet Rating) last announced its 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 for the quarter, compared to the consensus estimate of $1.82 billion. Camping World had a net margin of 2.79% and a return on equity of 65.79%. As a group, equities research analysts forecast that Camping World Holdings, Inc. will post 3.7 earnings per share for the current year.

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Wednesday, December 14th were issued a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $2.50 dividend on an annualized basis and a yield of 9.72%. Camping World’s dividend payout ratio (DPR) is 55.07%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CWH. Raymond James dropped their price objective on Camping World from $36.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. StockNews.com began coverage on Camping World in a research note on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. dropped their price objective 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. Finally, Truist Financial dropped their price objective on Camping World from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, September 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $32.83.

Insiders Place Their Bets

In other Camping World news, CEO Marcus Lemonis sold 272,097 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $27.56, for a total value of $7,498,993.32. Following the completion of the transaction, the chief executive officer now owns 600,171 shares in the company, valued at $16,540,712.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 47.50% of the stock is owned by corporate insiders.

Camping World 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.

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

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