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

Other institutional investors and hedge funds have also bought and sold shares of the company. Elite Financial Inc. purchased a new stake in Clearwater Paper in the first quarter valued at approximately $74,000. GAMMA Investing LLC raised its stake in 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 valued at $91,000 after purchasing an additional 3,458 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Clearwater Paper in the first quarter valued at approximately $98,000. Harbor Capital Advisors Inc. raised its stake in 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 valued at $126,000 after purchasing an additional 4,902 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Clearwater Paper in the first quarter valued at approximately $152,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CLW. Wall Street Zen downgraded shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Royal Bank Of Canada decreased their price target on shares of Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Clearwater Paper presently has a consensus rating of "Buy" and a consensus target price of $36.00.

Clearwater Paper Trading Down 0.6%

Shares of NYSE CLW traded down $0.13 during mid-day trading on Tuesday, hitting $21.51. The stock had a trading volume of 43,083 shares, compared to its average volume of 256,579. 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 1 year low of $20.84 and a 1 year high of $34.04. The business has a 50 day moving average price of $26.24 and a two-hundred day moving average price of $26.43. The firm has a market cap of $346.23 million, a P/E ratio of 1.78 and a beta of 0.08.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued 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). The company had revenue of $391.80 million for the quarter, compared to analysts' expectations of $397.00 million. Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%.

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.