Clearwater Paper Corporation $CLW Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Clearwater Paper Corporation (NYSE:CLW) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,142,392 shares of the basic materials company’s stock after purchasing an additional 20,936 shares during the period. Vanguard Group Inc. owned approximately 7.03% of Clearwater Paper worth $28,982,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. SummerHaven Investment Management LLC increased its holdings in shares of Clearwater Paper by 2.7% during the first quarter. SummerHaven Investment Management LLC now owns 17,056 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 448 shares during the period. Barclays PLC increased its holdings in shares of Clearwater Paper by 2.9% during the fourth quarter. Barclays PLC now owns 27,920 shares of the basic materials company’s stock valued at $830,000 after purchasing an additional 781 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Clearwater Paper by 2.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,038 shares of the basic materials company’s stock valued at $1,341,000 after purchasing an additional 877 shares during the period. Turtle Creek Asset Management Inc. increased its holdings in shares of Clearwater Paper by 12.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 9,200 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 1,000 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in shares of Clearwater Paper by 17.2% during the first quarter. D.A. Davidson & CO. now owns 10,200 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 1,500 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Price Performance

NYSE:CLW opened at $21.49 on Thursday. The business’s 50-day moving average price is $26.01 and its 200 day moving average price is $26.36. The firm has a market cap of $345.91 million, a P/E ratio of 1.78 and a beta of 0.08. Clearwater Paper Corporation has a 52-week low of $20.84 and a 52-week high of $34.04. The company has a quick ratio of 0.87, a current ratio of 1.97 and a debt-to-equity ratio of 0.39.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $391.80 million during the quarter, compared to analyst estimates of $397.00 million.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada lowered their price target on Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Wall Street Zen lowered Clearwater Paper from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Clearwater Paper presently has an average rating of “Buy” and an average price target of $36.00.

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.