EntryPoint Capital LLC Invests $378,000 in Clearwater Paper Corporation $CLW

Key Points

• EntryPoint Capital LLC has invested approximately $378,000 in Clearwater Paper Corporation, acquiring 14,899 shares during the first quarter.
• Clearwater Paper's stock price has seen significant fluctuations, with a one year low of $21.18 and a one year high of $35.38.
• Recent earnings results showed that Clearwater Paper missed estimates, reporting an EPS of $0.22 compared to the expected $0.73.

EntryPoint Capital LLC acquired a new stake in Clearwater Paper Corporation (NYSE:CLW - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,899 shares of the basic materials company's stock, valued at approximately $378,000. EntryPoint Capital LLC owned about 0.09% of Clearwater Paper at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Clearwater Paper by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company's stock valued at $28,982,000 after buying an additional 20,936 shares during the last quarter. Nuveen LLC acquired a new position in Clearwater Paper during the 1st quarter worth about $15,314,000. Readystate Asset Management LP lifted its holdings in Clearwater Paper by 56.7% during the 1st quarter. Readystate Asset Management LP now owns 580,856 shares of the basic materials company's stock worth $14,736,000 after buying an additional 210,141 shares during the period. Millennium Management LLC lifted its holdings in Clearwater Paper by 1,102.7% during the 4th quarter. Millennium Management LLC now owns 429,264 shares of the basic materials company's stock worth $12,779,000 after buying an additional 393,572 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in 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 buying an additional 195,487 shares during the period. Institutional investors own 89.98% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank Of Canada cut their target price on 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 lowered shares of Clearwater Paper from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Clearwater Paper currently has an average rating of "Buy" and a consensus target price of $36.00.

Clearwater Paper Trading Down 2.3%

Clearwater Paper stock traded down $0.5190 during mid-day trading on Monday, hitting $21.7010. 72,625 shares of the stock were exchanged, compared to its average volume of 257,579. 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 Corporation has a 12 month low of $20.84 and a 12 month high of $35.03. The firm's fifty day simple moving average is $26.37 and its two-hundred day simple moving average is $26.49. The stock has a market capitalization of $349.39 million, a price-to-earnings ratio of 1.80 and a beta of 0.08.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly 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 firm had revenue of $391.80 million for the quarter, compared to the consensus estimate 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.