Econ Financial Services Corp Takes Position in Camping World Holdings, Inc. (NYSE:CWH)

Econ Financial Services Corp purchased a new position in Camping World Holdings, Inc. (NYSE:CWH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,778 shares of the company’s stock, valued at approximately $1,070,000. Econ Financial Services Corp owned approximately 0.06% of Camping World at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning increased its holdings in shares of Camping World by 8.7% during the third quarter. Creative Planning now owns 11,133 shares of the company’s stock valued at $270,000 after acquiring an additional 892 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Camping World by 1.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 62,603 shares of the company’s stock valued at $1,516,000 after purchasing an additional 965 shares in the last quarter. Blue Trust Inc. raised its holdings in Camping World by 195.0% in the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after buying an additional 1,014 shares during the last quarter. Quest Partners LLC lifted its stake in shares of Camping World by 5,647.8% in the third 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, The Manufacturers Life Insurance Company lifted its position in Camping World by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock valued at $408,000 after acquiring an additional 1,491 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Camping World Stock Performance

Shares of CWH stock opened at $23.11 on Wednesday. The company’s fifty day simple moving average is $22.53 and its two-hundred day simple moving average is $22.42. Camping World Holdings, Inc. has a 52 week low of $17.29 and a 52 week high of $28.72. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a $0.125 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.16%. Camping World’s dividend payout ratio is currently -72.46%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Roth Mkm reiterated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $24.00 target price (down from $25.00) on shares of Camping World in a research report on Monday, October 21st. KeyCorp boosted their target price on shares of Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial reduced their price target on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.43.

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.