Parallax Volatility Advisers L.P. Buys New Shares in Camping World Holdings, Inc. (NYSE:CWH)

Parallax Volatility Advisers L.P. acquired a new stake in Camping World Holdings, Inc. (NYSE:CWH) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 16,216 shares of the company’s stock, valued at approximately $393,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Coronation Fund Managers Ltd. lifted its stake in shares of Camping World by 42.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock worth $4,084,000 after buying an additional 68,517 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Camping World by 22.6% during the 3rd quarter. Citigroup Inc. now owns 360,258 shares of the company’s stock worth $8,725,000 after buying an additional 66,355 shares during the last quarter. Eminence Capital LP lifted its stake in shares of Camping World by 79.8% during the 2nd 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 during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Camping World by 419.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 48,812 shares of the company’s stock worth $872,000 after buying an additional 39,412 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in 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 in the last quarter. Institutional investors own 52.54% of the company’s stock.

Insider Activity at Camping World

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the sale, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at $3,546,321.12. The trade was a 44.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 43.80% of the stock is currently owned by insiders.

Camping World Trading Up 3.0 %

Shares of Camping World stock opened at $24.71 on Friday. The firm has a market capitalization of $2.10 billion, a PE ratio of -35.81 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 firm’s 50 day moving average is $23.11 and its 200 day moving average is $21.54. Camping World Holdings, Inc. has a 1 year low of $17.29 and a 1 year high of $28.72.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, December 13th. Camping World’s dividend payout ratio (DPR) is presently -72.46%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CWH. Raymond James upgraded shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Wednesday, October 30th. Truist Financial lifted 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. Monness Crespi & Hardt lifted their price objective on shares of Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Roth Mkm restated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.

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.