Seven Six Capital Management LLC Increases Holdings in 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 increased its holdings in shares of Clearwater Paper Corporation (NYSE:CLW - Free Report) by 30.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,959 shares of the basic materials company's stock after acquiring 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 biggest position. Seven Six Capital Management LLC owned about 0.53% of Clearwater Paper worth $2,206,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Clearwater Paper by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company's stock worth $244,000 after purchasing an additional 390 shares during the period. SummerHaven Investment Management LLC raised its stake in Clearwater Paper by 2.7% during the first quarter. SummerHaven Investment Management LLC now owns 17,056 shares of the basic materials company's stock worth $433,000 after purchasing an additional 448 shares during the period. Invesco Ltd. raised its stake in Clearwater Paper by 0.7% during the first quarter. Invesco Ltd. now owns 68,191 shares of the basic materials company's stock worth $1,730,000 after purchasing an additional 501 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Clearwater Paper by 2.0% during the fourth 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 worth $1,341,000 after purchasing an additional 877 shares during the period. Finally, Turtle Creek Asset Management Inc. raised its stake in Clearwater Paper by 12.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 9,200 shares of the basic materials company's stock worth $274,000 after purchasing an additional 1,000 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Stock Down 1.4%

Shares of NYSE:CLW traded down $0.31 during trading on Friday, hitting $21.51. The company's stock had a trading volume of 27,999 shares, compared to its average volume of 251,347. The business has a 50 day moving average price of $24.63 and a two-hundred day moving average price of $25.84. The company has a market capitalization of $346.23 million, a PE ratio of 1.79 and a beta of 0.12. 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 $33.56.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.51). The business had revenue of $391.80 million during 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%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CLW shares. Royal Bank Of Canada decreased their price objective 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. Wall Street Zen downgraded shares of Clearwater Paper from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target 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.