Rhumbline Advisers Sells 973 Shares of Clearwater Paper Corporation $CLW

Rhumbline Advisers reduced its holdings in shares of Clearwater Paper Corporation (NYSE:CLW) by 3.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,027 shares of the basic materials company’s stock after selling 973 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Clearwater Paper worth $635,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Elite Financial Inc. bought a new position in shares of Clearwater Paper in the first quarter valued at $74,000. GAMMA Investing LLC grew its stake in shares of Clearwater Paper by 2,384.8% in the first quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company’s stock valued at $91,000 after buying an additional 3,458 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Clearwater Paper in the first quarter valued at $98,000. Harbor Capital Advisors Inc. grew its stake in shares of Clearwater Paper by 5,906.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,985 shares of the basic materials company’s stock valued at $126,000 after buying an additional 4,902 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Clearwater Paper in the first quarter valued at $152,000. 89.98% of the stock is owned by institutional investors.

Clearwater Paper Stock Performance

Clearwater Paper stock opened at $22.62 on Tuesday. Clearwater Paper Corporation has a 12-month low of $20.84 and a 12-month high of $33.56. The company has a quick ratio of 0.87, a current ratio of 1.97 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $23.50 and its two-hundred day moving average price is $25.65. The stock has a market cap of $364.12 million, a PE ratio of 1.88 and a beta of 0.12.

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 the consensus estimate of $0.73 by ($0.51). The firm had revenue of $391.80 million for the quarter, compared to the consensus estimate of $397.00 million. Clearwater Paper had a negative return on equity of 4.11% and a net margin of 12.98%.

Analyst Ratings Changes

Several brokerages have issued reports on CLW. Royal Bank Of Canada cut their price target on Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Cowen began coverage on Clearwater Paper in a report on Monday. They set a “buy” rating for the company. TD Securities set a $30.00 price target on Clearwater Paper and gave the company a “buy” rating in a report on Monday. Wall Street Zen raised Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, TD Cowen began coverage on Clearwater Paper in a report on Monday. They set a “buy” rating and a $30.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $32.00.

Clearwater Paper Company Profile

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.