Vanguard Group Inc. Increases Stock Position in Clearwater Paper Corporation $CLW

Key Points

• Vanguard Group Inc. increased its holdings in Clearwater Paper Corporation by 1.9%, owning approximately 7.03% of the company, valued at nearly $29 million.
• Clearwater Paper reported a net loss, with earnings of $0.22 per share for the last quarter, which fell short of analyst estimates by $0.51.
• Analysts have recently adjusted their ratings, with Royal Bank of Canada lowering the price target from $37.00 to $36.00 while maintaining an "outperform" rating, and Wall Street Zen shifting from a "hold" to a "sell" rating.

Vanguard Group Inc. increased its holdings in shares of Clearwater Paper Corporation (NYSE:CLW - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,142,392 shares of the basic materials company's stock after purchasing an additional 20,936 shares during the period. Vanguard Group Inc. owned 7.03% of Clearwater Paper worth $28,982,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CLW. Elite Financial Inc. acquired a new stake in Clearwater Paper during the 1st quarter worth $74,000. GAMMA Investing LLC lifted its stake in shares of Clearwater Paper by 2,384.8% in the 1st 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 period. Harbor Capital Advisors Inc. lifted its stake in shares of Clearwater Paper by 5,906.0% in the 1st 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 period. FNY Investment Advisers LLC acquired a new stake in shares of Clearwater Paper in the 1st quarter worth $152,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Clearwater Paper in the 4th quarter worth $238,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CLW. Wall Street Zen upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Saturday. Royal Bank Of Canada reduced their target price on shares of Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Clearwater Paper presently has an average rating of "Buy" and a consensus price target of $36.00.

Clearwater Paper Trading Down 0.4%

Shares of NYSE CLW traded down $0.09 during midday trading on Tuesday, reaching $21.48. 241,530 shares of the stock were exchanged, compared to its average volume of 195,076. The company has a market capitalization of $345.83 million, a P/E ratio of 1.78 and a beta of 0.12. Clearwater Paper Corporation has a 52-week low of $20.84 and a 52-week high of $33.79. The company has a current ratio of 1.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $25.59 and a 200-day moving average price of $26.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last released 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). 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 during the quarter, compared to analyst estimates of $397.00 million.

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.