Cetera Investment Advisers Takes Position in Clearwater Paper Corporation (NYSE:CLW)

Cetera Investment Advisers bought a new stake in Clearwater Paper Corporation (NYSE:CLW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,407 shares of the basic materials company’s stock, valued at approximately $645,000. Cetera Investment Advisers owned 0.16% of Clearwater Paper as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CLW. Readystate Asset Management LP boosted its stake in Clearwater Paper by 56.7% in the 1st quarter. Readystate Asset Management LP now owns 580,856 shares of the basic materials company’s stock valued at $14,736,000 after buying an additional 210,141 shares in the last quarter. Millennium Management LLC boosted its stake in Clearwater Paper by 1,102.7% in the fourth quarter. Millennium Management LLC now owns 429,264 shares of the basic materials company’s stock worth $12,779,000 after purchasing an additional 393,572 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Clearwater Paper by 101.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company’s stock worth $11,561,000 after purchasing an additional 195,487 shares in the last quarter. Geode Capital Management LLC boosted its stake in Clearwater Paper by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company’s stock worth $11,523,000 after purchasing an additional 4,973 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its stake in Clearwater Paper by 322.8% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company’s stock worth $6,498,000 after purchasing an additional 166,653 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analysts Set New Price Targets

CLW has been the topic of a number of recent analyst reports. Wall Street Zen lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Saturday, July 12th. Royal Bank Of Canada reduced their price objective on Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th.

Clearwater Paper Stock Down 1.5%

NYSE CLW opened at $21.57 on Friday. The stock has a fifty day moving average of $27.06 and a 200-day moving average of $26.91. The stock has a market capitalization of $347.28 million, a P/E ratio of 1.79 and a beta of 0.08. Clearwater Paper Corporation has a 52 week low of $21.44 and a 52 week high of $35.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.87 and a current ratio of 1.97.

Clearwater Paper (NYSE:CLW) last released its earnings results on Tuesday, July 29th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.51). Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%. The firm had revenue of $391.80 million during the quarter, compared to analyst estimates of $397.00 million.

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.