Seven Six Capital Management LLC Purchases 20,050 Shares of Clearwater Paper Corporation $CLW

Key Points

• Seven Six Capital Management LLC increased its stake in Clearwater Paper Corporation by 30.0%, owning a total of 86,959 shares worth approximately $2.2 million.
• Clearwater Paper's latest earnings report revealed $0.22 earnings per share, significantly missing the anticipated $0.73 by $0.51, alongside revenues of $391.80 million.
• Analysts have mixed views on the stock, with Wall Street Zen downgrading it to "sell," while Royal Bank of Canada adjusted their target price down to $36.00 but maintained an "outperform" rating.

Seven Six Capital Management LLC lifted its position in Clearwater Paper Corporation (NYSE:CLW - Free Report) by 30.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,959 shares of the basic materials company's stock after buying an additional 20,050 shares during the quarter. Clearwater Paper comprises 2.0% of Seven Six Capital Management LLC's investment portfolio, making the stock its 22nd largest holding. Seven Six Capital Management LLC owned 0.53% of Clearwater Paper worth $2,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLW. BNP Paribas Financial Markets increased its position in 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 acquiring an additional 7,514 shares during the period. Bank of America Corp DE raised its stake in 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 acquiring an additional 36,910 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Clearwater Paper during the fourth quarter worth $1,948,000. Centiva Capital LP acquired a new position in Clearwater Paper during the fourth quarter worth $270,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Clearwater Paper in the fourth quarter valued at $1,061,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on CLW shares. Wall Street Zen lowered Clearwater Paper from a "hold" rating to a "sell" rating in a research note on Sunday. Royal Bank Of Canada lowered their price objective on Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $36.00.

Clearwater Paper Trading Up 2.7%

CLW stock traded up $0.57 during midday trading on Thursday, reaching $21.81. The stock had a trading volume of 83,890 shares, compared to its average volume of 252,292. The firm has a market cap of $351.21 million, a price-to-earnings ratio of 1.81 and a beta of 0.12. Clearwater Paper Corporation has a twelve month low of $20.84 and a twelve month high of $33.56. The business has a fifty day simple moving average of $24.80 and a two-hundred day simple moving average of $25.89. The company has a quick ratio of 0.87, a current ratio of 1.97 and a debt-to-equity ratio of 0.39.

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 the consensus estimate of $0.73 by ($0.51). The company had revenue of $391.80 million for 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%.

About Clearwater Paper

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.