Algert Global LLC Makes New Investment in Clearwater Paper Corporation $CLW

Key Points

• Algert Global LLC has acquired a new position in Clearwater Paper Corporation, purchasing 40,630 shares valued at approximately $1,031,000, bringing its ownership to about 0.25%.
• Clearwater Paper's stock has seen a 3.7% increase recently, opening at $22.1450, despite the company reporting lower-than-expected earnings with an EPS of $0.22, missing estimates by ($0.51).
• Analysts have mixed views on Clearwater Paper, with Royal Bank of Canada lowering its price target from $37.00 to $36.00, while the company has an average rating of "Buy" with a target price of $36.00 according to MarketBeat.com.

Algert Global LLC purchased a new position in shares of Clearwater Paper Corporation (NYSE:CLW - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,630 shares of the basic materials company's stock, valued at approximately $1,031,000. Algert Global LLC owned 0.25% of Clearwater Paper at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elite Financial Inc. acquired a new stake in Clearwater Paper during the 1st quarter worth approximately $74,000. GAMMA Investing LLC increased its position in shares of Clearwater Paper by 2,384.8% during the first quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company's stock worth $91,000 after acquiring an additional 3,458 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in 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 purchasing an additional 4,902 shares during the period. FNY Investment Advisers LLC purchased a new position in Clearwater Paper in the first quarter valued at $152,000. Finally, Graham Capital Management L.P. acquired a new position in Clearwater Paper during the 4th quarter worth $238,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Clearwater Paper Stock Down 0.4%

Shares of CLW traded down $0.08 during mid-day trading on Thursday, reaching $21.37. The company's stock had a trading volume of 27,864 shares, compared to its average volume of 255,423. Clearwater Paper Corporation has a 12-month low of $20.84 and a 12-month high of $34.04. The stock has a market cap of $344.06 million, a PE ratio of 1.77 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 company's 50 day moving average is $26.01 and its 200 day moving average is $26.36.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its 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 business had revenue of $391.80 million for the quarter, compared to analysts' expectations 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 equities analysts have recently issued reports on the company. Wall Street Zen cut Clearwater Paper from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Royal Bank Of Canada reduced their target price on shares of Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $36.00.

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.