Clearwater Paper Corporation $CLW Stake Increased by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its holdings in Clearwater Paper Corporation by 49.8%, owning 138,518 shares valued at approximately $3.5 million by the end of the 1st quarter.
• Clearwater Paper reported a loss of $0.51 EPS for the last quarter, missing expectations, with revenues of $391.8 million compared to the estimated $397 million.
• The stock received mixed analyst ratings, with a target price adjustment from $37.00 to $36.00 and a general consensus rating of "Buy."

Trexquant Investment LP increased its stake in Clearwater Paper Corporation (NYSE:CLW - Free Report) by 49.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,518 shares of the basic materials company's stock after acquiring an additional 46,050 shares during the period. Trexquant Investment LP owned approximately 0.85% of Clearwater Paper worth $3,514,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Elite Financial Inc. acquired a new stake in shares of Clearwater Paper in the first quarter worth approximately $74,000. GAMMA Investing LLC boosted its position in shares of Clearwater Paper by 2,384.8% in the first quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company's stock worth $91,000 after acquiring an additional 3,458 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Clearwater Paper in the first quarter worth approximately $98,000. Harbor Capital Advisors Inc. boosted its position in shares of Clearwater Paper by 5,906.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,985 shares of the basic materials company's stock worth $126,000 after acquiring an additional 4,902 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Clearwater Paper in the first quarter worth approximately $152,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Sunday. Royal Bank Of Canada cut their price target 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. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Clearwater Paper presently has a consensus rating of "Buy" and an average price target of $36.00.

Clearwater Paper Stock Up 0.3%

Clearwater Paper stock traded up $0.06 during midday trading on Friday, hitting $21.98. 179,673 shares of the stock were exchanged, compared to its average volume of 188,176. Clearwater Paper Corporation has a 1 year low of $20.84 and a 1 year high of $33.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 0.87. The firm has a market cap of $353.88 million, a P/E ratio of 1.82 and a beta of 0.12. The company has a 50 day moving average price of $25.23 and a two-hundred day moving average price of $26.01.

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

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.