Cetera Investment Advisers Takes Position in Clearwater Paper Corporation $CLW

Key Points

• Cetera Investment Advisers has acquired a new stake in Clearwater Paper Corporation, purchasing 25,407 shares valued at approximately $645,000, representing 0.16% ownership.
• Several hedge funds significantly increased their holdings in Clearwater Paper, with Readystate Asset Management boosting its stake by 56.7% and Millennium Management by 1,102.7%.
• Analysts have recently downgraded Clearwater Paper from a "hold" to a "sell" rating, while Royal Bank of Canada has lowered the price target from $37 to $36.

Cetera Investment Advisers purchased a new stake in Clearwater Paper Corporation (NYSE:CLW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,407 shares of the basic materials company's stock, valued at approximately $645,000. Cetera Investment Advisers owned 0.16% of Clearwater Paper at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC raised its position in shares of Clearwater Paper by 2.7% in 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 in the last quarter. Barclays PLC raised its position in shares of Clearwater Paper by 2.9% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Clearwater Paper by 2.0% in 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 in the last quarter. Turtle Creek Asset Management Inc. raised its position in shares of Clearwater Paper by 12.2% in 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 in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of Clearwater Paper by 17.2% in the 1st quarter. D.A. Davidson & CO. now owns 10,200 shares of the basic materials company's stock valued at $259,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

CLW has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their target price 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. Wall Street Zen lowered 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, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $36.00.

Clearwater Paper Stock Performance

Shares of CLW stock traded down $0.7550 on Wednesday, hitting $21.1950. 181,068 shares of the stock traded hands, compared to its average volume of 303,530. The company has a market capitalization of $341.24 million, a PE ratio of 1.76 and a beta of 0.08. The company's fifty day moving average is $26.62 and its 200 day moving average is $26.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 0.87. Clearwater Paper Corporation has a 1-year low of $21.18 and a 1-year high of $35.38.

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

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.