Cinctive Capital Management LP Trims Position in Camping World Holdings, Inc. (NYSE:CWH)

Cinctive Capital Management LP trimmed its stake in Camping World Holdings, Inc. (NYSE:CWH) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,572 shares of the company’s stock after selling 2,193 shares during the period. Cinctive Capital Management LP owned about 0.07% of Camping World worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its holdings in shares of Camping World by 2.9% in the second quarter. Moors & Cabot Inc. now owns 19,065 shares of the company’s stock valued at $340,000 after purchasing an additional 531 shares during the period. Creative Planning raised its position in Camping World by 8.7% during the 3rd quarter. Creative Planning now owns 11,133 shares of the company’s stock valued at $270,000 after purchasing an additional 892 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Camping World by 1.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 62,603 shares of the company’s stock worth $1,516,000 after buying an additional 965 shares during the period. Quest Partners LLC grew its position in shares of Camping World by 5,647.8% during the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock worth $32,000 after buying an additional 1,299 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Camping World by 8.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock valued at $545,000 after buying an additional 1,477 shares during the period. 52.54% of the stock is currently owned by institutional investors.

Camping World Stock Down 1.1 %

Shares of CWH stock opened at $23.60 on Wednesday. The stock’s fifty day moving average price is $23.14 and its 200 day moving average price is $21.47. Camping World Holdings, Inc. has a 1-year low of $17.29 and a 1-year high of $28.72. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -34.20 and a beta of 2.49. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.12%. Camping World’s dividend payout ratio (DPR) is currently -72.46%.

Wall Street Analysts Forecast Growth

CWH has been the subject of a number of research reports. StockNews.com raised shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Truist Financial increased their price objective on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Raymond James raised 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. Roth Mkm reaffirmed a “buy” rating and set a $28.00 target price (up previously from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. Finally, KeyCorp boosted their price target on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and an average target price of $27.75.

Insider Activity at Camping World

In related news, CEO Marcus Lemonis sold 125,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $22.84, for a total value 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 $3,546,321.12. This represents a 44.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 43.80% of the stock is currently owned by insiders.

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.