Camping World Holdings, Inc. (NYSE:CWH – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,050,000 shares, an increase of 5.2% from the October 15th total of 4,800,000 shares. Approximately 12.4% of the shares of the company are short sold. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is currently 4.8 days.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Scissortail Wealth Management LLC bought a new position in shares of Camping World in the first quarter valued at about $2,954,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Camping World in the second quarter valued at about $28,000. Worth Asset Management LLC raised its holdings in Camping World by 88.8% during the 2nd quarter. Worth Asset Management LLC now owns 944 shares of the company’s stock worth $28,000 after purchasing an additional 444 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Camping World by 274.3% during the 2nd quarter. Global Retirement Partners LLC now owns 1,093 shares of the company’s stock worth $33,000 after purchasing an additional 801 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Camping World by 932.8% during the 3rd quarter. IFP Advisors Inc now owns 1,291 shares of the company’s stock worth $26,000 after purchasing an additional 1,166 shares during the last quarter. 39.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on CWH shares. JPMorgan Chase & Co. lowered their price objective on shares of Camping World from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 7th. Northcoast Research upgraded shares of Camping World from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, July 25th. Truist Financial decreased their price target on shares of Camping World from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, September 15th. Citigroup decreased their price target on shares of Camping World from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Finally, KeyCorp decreased their price target on shares of Camping World from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.90.
Camping World Price Performance
Shares of Camping World stock traded up $0.71 during trading on Friday, reaching $21.60. The company’s stock had a trading volume of 888,411 shares, compared to its average volume of 1,101,217. The stock has a 50-day moving average price of $19.05 and a two-hundred day moving average price of $24.65. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 6.06. Camping World has a one year low of $16.18 and a one year high of $32.88. The stock has a market capitalization of $1.82 billion, a P/E ratio of 98.18 and a beta of 2.68.
About Camping World
Camping World Holdings, Inc, together 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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