TD Asset Management Inc Acquires 7,600 Shares of Clearwater Paper Co. (NYSE:CLW)

TD Asset Management Inc raised its holdings in shares of Clearwater Paper Co. (NYSE:CLWFree Report) by 40.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,500 shares of the basic materials company’s stock after purchasing an additional 7,600 shares during the quarter. TD Asset Management Inc owned 0.16% of Clearwater Paper worth $957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Clearwater Paper during the 4th quarter valued at $29,000. Algert Global LLC bought a new stake in Clearwater Paper during the 3rd quarter valued at $210,000. Quadrature Capital Ltd bought a new stake in Clearwater Paper during the 3rd quarter valued at $267,000. Jump Financial LLC bought a new stake in Clearwater Paper during the 3rd quarter valued at $294,000. Finally, Quest Partners LLC purchased a new position in Clearwater Paper during the 4th quarter worth $295,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Price Performance

CLW opened at $50.27 on Monday. 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 company has a market capitalization of $838.40 million, a price-to-earnings ratio of 8.41 and a beta of 0.45. The firm’s fifty day moving average price is $46.21 and its two-hundred day moving average price is $39.98. Clearwater Paper Co. has a 1 year low of $29.22 and a 1 year high of $53.77.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. downgraded shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd. Royal Bank of Canada lifted their price objective on shares of Clearwater Paper from $41.00 to $42.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th.

Check Out Our Latest Stock Analysis on Clearwater Paper

Clearwater Paper Profile

(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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