Bailard Inc. Invests $251,000 in Clearwater Paper Corporation $CLW

Bailard Inc. purchased a new stake in Clearwater Paper Corporation (NYSE:CLW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,200 shares of the basic materials company’s stock, valued at approximately $251,000. Bailard Inc. owned approximately 0.06% of Clearwater Paper at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CLW. Fox Run Management L.L.C. acquired a new stake in shares of Clearwater Paper in the 2nd quarter valued at $625,000. First Eagle Investment Management LLC boosted its holdings in Clearwater Paper by 125.9% in the second quarter. First Eagle Investment Management LLC now owns 189,558 shares of the basic materials company’s stock valued at $5,164,000 after acquiring an additional 105,645 shares during the last quarter. Corton Capital Inc. bought a new position in Clearwater Paper in the second quarter valued at about $311,000. Peapod Lane Capital LLC increased its position in Clearwater Paper by 45.6% in the second quarter. Peapod Lane Capital LLC now owns 59,538 shares of the basic materials company’s stock worth $1,622,000 after purchasing an additional 18,654 shares during the period. Finally, AlphaQuest LLC raised its holdings in Clearwater Paper by 4,046.1% during the 2nd quarter. AlphaQuest LLC now owns 22,762 shares of the basic materials company’s stock worth $620,000 after purchasing an additional 22,213 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clearwater Paper in a research note on Thursday. TD Cowen began coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They issued a “buy” rating and a $30.00 price objective on the stock. Cowen initiated coverage on shares of Clearwater Paper in a research report on Monday, September 22nd. They set a “buy” rating for the company. Royal Bank Of Canada cut their price target on Clearwater Paper from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Wall Street Zen raised Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Clearwater Paper Stock Down 1.4%

NYSE:CLW opened at $18.29 on Friday. Clearwater Paper Corporation has a 1 year low of $16.53 and a 1 year high of $33.56. The stock has a 50-day moving average price of $19.81 and a two-hundred day moving average price of $24.21. The stock has a market cap of $293.29 million, a price-to-earnings ratio of 2.18 and a beta of 0.16. The company has a current ratio of 2.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share for the quarter. Clearwater Paper had a net margin of 9.14% and a negative return on equity of 3.65%. The business had revenue of ($358.30) million for the quarter.

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.