Charles Schwab Investment Management Inc. Acquires 4,185 Shares of Clearwater Paper Co. (NYSE:CLW)

Charles Schwab Investment Management Inc. boosted its holdings in Clearwater Paper Co. (NYSE:CLWFree Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 325,904 shares of the basic materials company’s stock after acquiring an additional 4,185 shares during the period. Charles Schwab Investment Management Inc. owned 1.97% of Clearwater Paper worth $11,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in Clearwater Paper in the 4th quarter valued at $29,000. Wedge Capital Management L L P NC raised its stake in Clearwater Paper by 32.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 126,056 shares of the basic materials company’s stock valued at $4,553,000 after acquiring an additional 31,010 shares during the period. Strs Ohio raised its stake in Clearwater Paper by 3.0% in the 4th quarter. Strs Ohio now owns 17,000 shares of the basic materials company’s stock valued at $614,000 after acquiring an additional 500 shares during the period. Louisiana State Employees Retirement System bought a new stake in Clearwater Paper in the 4th quarter valued at $300,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Clearwater Paper by 1,464.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,394 shares of the basic materials company’s stock valued at $448,000 after acquiring an additional 11,602 shares during the period. Institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CLW. StockNews.com lowered Clearwater Paper from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd. Royal Bank of Canada upped their price objective on Clearwater Paper from $41.00 to $42.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th.

Get Our Latest Report on Clearwater Paper

Clearwater Paper Stock Performance

Shares of NYSE CLW opened at $52.41 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.91 and a quick ratio of 0.82. The stock’s fifty day moving average price is $44.94 and its two-hundred day moving average price is $39.19. Clearwater Paper Co. has a one year low of $29.22 and a one year high of $53.74. The firm has a market cap of $874.20 million, a price-to-earnings ratio of 8.76 and a beta of 0.51.

Clearwater Paper (NYSE:CLWGet Free Report) last released its earnings results on Monday, April 29th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.32. The company had revenue of $496.20 million for the quarter. Clearwater Paper had a return on equity of 17.35% and a net margin of 4.92%. During the same period last year, the company posted $1.47 earnings per share.

About Clearwater Paper

(Free Report)

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.

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Institutional Ownership by Quarter for Clearwater Paper (NYSE:CLW)

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