The most recent 13F filing that Handelsbanken Fonder AB has made with the Securities and Exchange Commission reveals that during the third quarter of this year, the company purchased a new position in Camping World Holdings, Inc. (NYSE: CWH). The institutional investor purchased 8,400 shares of the company’s stock for approximately $213,000.
Recent changes have been made to the holdings of CWH that several other hedge funds have also made. As part of a new holding, Versor Investments LP invested in Camping World in the amount of $349,000 during the third quarter of the current fiscal year. During the third quarter, AE Wealth Management LLC achieved a 66.0% increase in its ownership stake in Camping World. AE Wealth Management LLC has 21,614 shares, valued at $547,000, thanks to the acquisition of 8,596 additional shares. Following the period’s conclusion, AE Wealth Management LLC’s stock holdings are now worth $547,000. Dfpg Investments LLC made a new investment in Camping World during the third quarter of 2018, worth $286,000. MBM Wealth Consultants LLC successfully increased the proportion of Camping World owned by 40.9% during the third quarter of the fiscal year. MBM Wealth Consultants LLC has increased the number of shares of stock it owns by 895, bringing the total number of shares it owns to 3,082. These shares have a value of $79,000. Mayflower Financial Advisors LLC completed its most recent transaction during the third quarter when it bought an additional share of Camping World with a value of approximately $367,000. At present, institutions own 36.92% of the total shares of stock that are outstanding.
Several market analysts have recently shared their perspectives on the stock about their recommendations. In a research note published on Friday, September 23, Truist Financial downgraded its “hold” rating on Camping World shares and decreased its price objective from $30.00 down to $25.00. Both of these changes were made to the stock. JPMorgan Chase & Co. assigned the rating of “overweight” to Camping World in a research note published on November 3 that discussed the company’s performance. The price objective for Camping World shares has decreased from $46.00 to $37.00. On Wednesday, October 12, StockNews.com published a research report on the company’s status, which marked the beginning of the website’s coverage of Camping World shares. They recommended that shareholders “hold” their shares of the company. In a research report published on November 3, Raymond James rated the company as “outperforming” and decreased their price objective on Camping World shares from $36.00 to $30.00.
Raymond James downgraded their price objective on Camping World shares from $36.00 to $30.00. The stock has been assigned a buy recommendation by three analysts, while four others have maintained the hold rating in the analyst community. According to information made available by Bloomberg, the stock has been given an average rating of “Hold,” and analysts have established a consensus price objective of $32.83.
Marcus Lemonis, the company’s chief executive officer, sold 272,097 shares of company stock on November 22. This is another development that is relevant to this topic. When the shares were offered for sale, they brought in a total of $7,498,993.32 based on an average price of $27.56 per share. Following the completion of the transaction, the CEO will have a total of 600,171 shares in the company, which will be approximately valued.