Tyler Stone Wealth Management Boosts Stake in Camping World Holdings, Inc. (NYSE:CWH)

Tyler Stone Wealth Management raised its holdings in Camping World Holdings, Inc. (NYSE:CWH) by 100.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,890 shares of the company’s stock after acquiring an additional 6,945 shares during the period. Tyler Stone Wealth Management’s holdings in Camping World were worth $336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Camping World during the second quarter valued at about $50,000. Russell Investments Group Ltd. grew its position in Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after acquiring an additional 3,897 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Camping World in the 1st quarter worth approximately $209,000. nVerses Capital LLC purchased a new stake in shares of Camping World in the 3rd quarter valued at $191,000. Finally, Handelsbanken Fonder AB purchased a new position in Camping World in the 3rd quarter worth $240,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Insider Activity

In related news, CEO Marcus Lemonis sold 121,450 shares of Camping World stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the completion of the transaction, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at $3,384,842.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 43.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CWH. Truist Financial raised their price objective on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. KeyCorp lifted their price target on 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. reissued a “neutral” rating and set a $24.00 price objective (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Roth Mkm reiterated a “buy” rating and set a $28.00 price target (up from $26.00) on shares of Camping World in a report on Wednesday, October 30th. Finally, Raymond James raised shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.75.

Camping World Stock Performance

Camping World stock opened at $24.47 on Tuesday. Camping World Holdings, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $28.72. The stock’s 50 day simple moving average is $22.86 and its two-hundred day simple moving average is $21.15. 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 $2.08 billion, a price-to-earnings ratio of -35.46 and a beta of 2.49.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.04%. Camping World’s dividend payout ratio (DPR) is -72.46%.

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.