Clearfield, Inc. $CLFD Stock Holdings Cut by Deutsche Bank AG

Deutsche Bank AG reduced its position in shares of Clearfield, Inc. (NASDAQ:CLFD) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,007 shares of the communications equipment provider’s stock after selling 394 shares during the quarter. Deutsche Bank AG owned about 0.07% of Clearfield worth $297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLFD. Wells Fargo & Company MN boosted its stake in Clearfield by 25.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,720 shares of the communications equipment provider’s stock valued at $239,000 after purchasing an additional 1,544 shares in the last quarter. Invesco Ltd. boosted its stake in Clearfield by 2.5% during the 4th quarter. Invesco Ltd. now owns 15,146 shares of the communications equipment provider’s stock valued at $470,000 after purchasing an additional 366 shares in the last quarter. Raymond James Financial Inc. bought a new position in Clearfield during the 4th quarter valued at $721,000. Dimensional Fund Advisors LP boosted its stake in Clearfield by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 322,378 shares of the communications equipment provider’s stock valued at $9,994,000 after purchasing an additional 48,730 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Clearfield by 340.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,172 shares of the communications equipment provider’s stock valued at $36,000 after acquiring an additional 906 shares during the last quarter. 88.73% of the stock is owned by institutional investors.

Clearfield Stock Down 1.5%

CLFD stock opened at $32.62 on Friday. Clearfield, Inc. has a 12-month low of $23.78 and a 12-month high of $46.76. The company has a market cap of $450.48 million, a price-to-earnings ratio of 3,262.00 and a beta of 1.63. The company has a 50 day moving average of $39.53 and a two-hundred day moving average of $34.91.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Wednesday, August 6th. The communications equipment provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. Clearfield had a net margin of 0.11% and a return on equity of 0.07%. The business had revenue of $49.90 million for the quarter, compared to analysts’ expectations of $47.58 million. On average, research analysts anticipate that Clearfield, Inc. will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CLFD has been the subject of a number of recent research reports. Northland Securities downgraded Clearfield from an “outperform” rating to a “market perform” rating and set a $45.00 price objective for the company. in a research report on Thursday, August 7th. Roth Capital reiterated a “buy” rating on shares of Clearfield in a research report on Thursday, August 7th. Wall Street Zen downgraded Clearfield from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Northland Capmk cut shares of Clearfield from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Clearfield presently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.