Brandywine Global Investment Management LLC Acquires Shares of 70,020 Clearwater Paper Corporation $CLW

Brandywine Global Investment Management LLC bought a new stake in Clearwater Paper Corporation (NYSE:CLW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 70,020 shares of the basic materials company’s stock, valued at approximately $1,907,000. Brandywine Global Investment Management LLC owned about 0.43% of Clearwater Paper at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Clearwater Paper during the first quarter worth approximately $15,314,000. First Eagle Investment Management LLC increased its stake in Clearwater Paper by 125.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 189,558 shares of the basic materials company’s stock valued at $5,164,000 after buying an additional 105,645 shares during the period. Anchor Capital Management Company LLC increased its stake in Clearwater Paper by 62.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 248,053 shares of the basic materials company’s stock valued at $6,293,000 after buying an additional 95,000 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Clearwater Paper by 109.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 111,396 shares of the basic materials company’s stock worth $2,826,000 after buying an additional 58,104 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of Clearwater Paper by 49.8% in the 1st quarter. Trexquant Investment LP now owns 138,518 shares of the basic materials company’s stock worth $3,514,000 after acquiring an additional 46,050 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

NYSE CLW opened at $16.89 on Tuesday. The business has a 50 day moving average price of $19.30 and a 200 day moving average price of $23.81. The company has a market capitalization of $270.95 million, a P/E ratio of 2.01 and a beta of 0.16. Clearwater Paper Corporation has a 1-year low of $16.44 and a 1-year high of $33.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.10 and a quick ratio of 0.88.

Clearwater Paper (NYSE:CLW) last posted its earnings results 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 firm had revenue of ($358.30) million during the quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on CLW shares. Cowen started coverage on shares of Clearwater Paper in a report on Monday, September 22nd. They issued a “buy” rating on the stock. Wall Street Zen raised Clearwater Paper from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Clearwater Paper in a research report on Thursday, November 13th. TD Cowen began coverage on Clearwater Paper in a report on Monday, September 22nd. They issued a “buy” rating and a $30.00 price target for the company. Finally, Royal Bank Of Canada decreased 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. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Clearwater Paper has an average rating of “Moderate Buy” and an average target price of $30.00.

Clearwater Paper 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.