Charles Schwab Investment Management Inc. Has $5.92 Million Stock Position in Clearwater Paper Corporation $CLW

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Clearwater Paper Corporation by 21.7% during the first quarter, acquiring an additional 41,633 shares, bringing its total ownership to 1.44% of the company.
• Clearwater Paper's latest quarterly earnings reported $0.22 earnings per share, significantly missing analysts' expectations of $0.73, with revenues of $391.80 million.
• Analyst ratings for Clearwater Paper show mixed sentiments, with a consensus price target of $36.00 and one analyst recently downgrading the stock from "hold" to "sell."

Charles Schwab Investment Management Inc. lifted its position in shares of Clearwater Paper Corporation (NYSE:CLW - Free Report) by 21.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,474 shares of the basic materials company's stock after purchasing an additional 41,633 shares during the period. Charles Schwab Investment Management Inc. owned 1.44% of Clearwater Paper worth $5,923,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Clearwater Paper during the 1st quarter worth about $239,000. D. E. Shaw & Co. Inc. increased its stake in shares of Clearwater Paper by 101.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company's stock worth $11,561,000 after purchasing an additional 195,487 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Clearwater Paper by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company's stock worth $28,982,000 after purchasing an additional 20,936 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Clearwater Paper by 120.4% during the 4th quarter. Bank of America Corp DE now owns 67,554 shares of the basic materials company's stock worth $2,011,000 after purchasing an additional 36,910 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Clearwater Paper during the 1st quarter worth about $645,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Price Performance

CLW stock traded down $0.09 during trading on Tuesday, reaching $21.48. 241,530 shares of the company were exchanged, compared to its average volume of 195,076. The company has a 50-day moving average of $25.59 and a two-hundred day moving average of $26.13. The company has a market capitalization of $345.83 million, a price-to-earnings ratio of 1.78 and a beta of 0.12. Clearwater Paper Corporation has a twelve month low of $20.84 and a twelve month high of $33.79. 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 (NYSE:CLW - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $0.22 earnings per share (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 analyst estimates of $397.00 million.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. 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 report on Wednesday, July 30th. Wall Street Zen raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $36.00.

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.