American Century Companies Inc. Sells 39,158 Shares of Clearwater Paper Corporation $CLW

Key Points

• American Century Companies Inc. reduced its stake in Clearwater Paper Corporation by 6.1% this past quarter, now holding approximately 3.68% of the company's shares, valuing around $15.17 million.
• Clearwater Paper's stock has seen mixed analyst coverage, with an average target price of $36.00 and some analysts issuing a downgrade to "sell."
• The company recently reported earnings of $0.22 per share, significantly missing expectations by $0.51, alongside revenues of $391.80 million, below analyst estimates.

American Century Companies Inc. lessened its holdings in Clearwater Paper Corporation (NYSE:CLW - Free Report) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 597,950 shares of the basic materials company's stock after selling 39,158 shares during the quarter. American Century Companies Inc. owned approximately 3.68% of Clearwater Paper worth $15,170,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Elite Financial Inc. bought a new position in Clearwater Paper in the 1st quarter valued at approximately $74,000. GAMMA Investing LLC raised its holdings in Clearwater Paper by 2,384.8% in the 1st 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 during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Clearwater Paper by 5,906.0% in the 1st 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 during the last quarter. FNY Investment Advisers LLC bought a new position in Clearwater Paper in the 1st quarter valued at approximately $152,000. Finally, Graham Capital Management L.P. bought a new position in Clearwater Paper in the 4th quarter valued at approximately $238,000. Institutional investors own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

CLW has been the subject of a number of research reports. Royal Bank Of Canada dropped their price objective on shares of Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $36.00.

Clearwater Paper Stock Performance

NYSE:CLW opened at $22.1450 on Monday. The company has a market capitalization of $356.53 million, a PE ratio of 1.84 and a beta of 0.08. The company has a 50 day simple moving average of $26.37 and a two-hundred day simple moving average of $26.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.87 and a current ratio of 1.97. Clearwater Paper Corporation has a fifty-two week low of $20.84 and a fifty-two week high of $35.38.

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

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.

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