Harbor Capital Advisors Inc. Boosts Holdings in Clearwater Paper Co. (NYSE:CLW)

Harbor Capital Advisors Inc. boosted its position in Clearwater Paper Co. (NYSE:CLW) by 5,906.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,985 shares of the basic materials company’s stock after purchasing an additional 4,902 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Clearwater Paper were worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Clearwater Paper by 2,384.8% in the 1st quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 3,458 shares in the last quarter. Virtu Financial LLC purchased a new stake in Clearwater Paper in the 4th quarter worth approximately $217,000. Cornerstone Investment Partners LLC purchased a new stake in Clearwater Paper in the 4th quarter worth approximately $226,000. Graham Capital Management L.P. purchased a new stake in Clearwater Paper in the 4th quarter worth approximately $238,000. Finally, Aquatic Capital Management LLC lifted its stake in Clearwater Paper by 58.6% in the 4th quarter. Aquatic Capital Management LLC now owns 8,078 shares of the basic materials company’s stock worth $240,000 after purchasing an additional 2,984 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th. Wall Street Zen upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, February 17th.

Clearwater Paper Stock Performance

Clearwater Paper stock opened at $27.53 on Monday. The firm’s fifty day moving average price is $27.07 and its 200-day moving average price is $27.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The stock has a market cap of $447.53 million, a P/E ratio of 2.35 and a beta of 0.13. Clearwater Paper Co. has a fifty-two week low of $22.58 and a fifty-two week high of $57.13.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.53). The company had revenue of $378.20 million for the quarter, compared to analysts’ expectations of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

About Clearwater Paper

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.