Anchor Capital Management Company LLC Purchases 95,000 Shares of Clearwater Paper Corporation $CLW

Key Points

• Anchor Capital Management Company LLC increased its shareholding in Clearwater Paper Corporation by 62.1%, owning approximately $6.29 million worth of stock, which represents 6.3% of its portfolio.
• Wall Street analysts have generally upgraded Clearwater Paper's rating, moving from a "sell" to a "hold", with an average price target of $36.00.
• In its latest earnings report, Clearwater Paper reported $0.22 earnings per share, missing expectations significantly, and had revenues of $391.80 million during the quarter.

Anchor Capital Management Company LLC increased its stake in Clearwater Paper Corporation (NYSE:CLW - Free Report) by 62.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,053 shares of the basic materials company's stock after acquiring an additional 95,000 shares during the period. Clearwater Paper makes up about 6.3% of Anchor Capital Management Company LLC's holdings, making the stock its 7th largest holding. Anchor Capital Management Company LLC owned about 1.53% of Clearwater Paper worth $6,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Wells Fargo & Company MN lifted its holdings in Clearwater Paper by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company's stock worth $312,000 after buying an additional 2,176 shares during the last quarter. Barclays PLC increased its position in shares of Clearwater Paper by 2.9% during the fourth quarter. Barclays PLC now owns 27,920 shares of the basic materials company's stock worth $830,000 after purchasing an additional 781 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Clearwater Paper by 215.8% during the fourth quarter. Ancora Advisors LLC now owns 31,581 shares of the basic materials company's stock worth $940,000 after purchasing an additional 21,581 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Clearwater Paper by 209.9% during the fourth quarter. BNP Paribas Financial Markets now owns 11,094 shares of the basic materials company's stock worth $330,000 after purchasing an additional 7,514 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Clearwater Paper by 120.4% during the fourth quarter. Bank of America Corp DE now owns 67,554 shares of the basic materials company's stock worth $2,011,000 after purchasing an additional 36,910 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Price Performance

Shares of NYSE:CLW traded up $0.06 during trading on Friday, hitting $21.98. 179,673 shares of the stock were exchanged, compared to its average volume of 188,176. The company has a fifty day moving average price of $25.23 and a two-hundred day moving average price of $26.01. The company has a market cap of $353.88 million, a PE ratio of 1.82 and a beta of 0.12. The company has a current ratio of 1.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39. Clearwater Paper Corporation has a 12-month low of $20.84 and a 12-month high of $33.56.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.51). The company had revenue of $391.80 million during the quarter, compared to analysts' expectations of $397.00 million. Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CLW shares. Wall Street Zen cut Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Sunday. Royal Bank Of Canada dropped their price target on Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.