Nuveen LLC Buys Shares of 603,646 Clearwater Paper Corporation $CLW

Key Points

• Nuveen LLC acquired 603,646 shares of Clearwater Paper Corporation, valued at approximately $15.3 million, representing about 3.71% ownership as of the most recent filing.
• Clearwater Paper reported a net loss of $0.51 per share in its latest quarterly earnings, significantly missing analysts' expectations, while total revenue fell short of forecasts.
• Wall Street analysts recently dropped Clearwater Paper's stock rating from "hold" to "sell," while the average price target for shares has been adjusted to $36.00.

Nuveen LLC bought a new stake in Clearwater Paper Corporation (NYSE:CLW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 603,646 shares of the basic materials company's stock, valued at approximately $15,314,000. Nuveen LLC owned 3.71% of Clearwater Paper at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its position in shares of Clearwater Paper by 2.7% during the 1st 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. Invesco Ltd. increased its position in shares of Clearwater Paper by 0.7% during the 1st quarter. Invesco Ltd. now owns 68,191 shares of the basic materials company's stock valued at $1,730,000 after purchasing an additional 501 shares during the period. Barclays PLC increased its position in shares of Clearwater Paper by 2.9% during the 4th 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 position in shares of Clearwater Paper by 2.0% during the 4th 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. Finally, Turtle Creek Asset Management Inc. increased its position in shares of Clearwater Paper by 12.2% during the 4th 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. Institutional investors own 89.98% of the company's stock.

Clearwater Paper Price Performance

Shares of CLW traded down $0.23 during trading hours on Tuesday, hitting $21.40. 215,681 shares of the company were exchanged, compared to its average volume of 306,337. The company has a market capitalization of $344.63 million, a PE ratio of 1.78 and a beta of 0.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $26.12 and a 200-day simple moving average of $26.39. Clearwater Paper Corporation has a one year low of $20.84 and a one year high of $34.04.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its earnings results on Tuesday, July 29th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.51). The business had revenue of $391.80 million during the quarter, compared to analyst estimates of $397.00 million. Clearwater Paper had a negative return on equity of 4.11% and a net margin of 12.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CLW. Wall Street Zen cut Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Royal Bank Of Canada reduced their price objective on Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $36.00.

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.