First Horizon Advisors Inc. Has $1.05 Million Holdings in Clearwater Paper Corporation (NYSE:CLW)

First Horizon Advisors Inc. boosted its position in Clearwater Paper Corporation (NYSE:CLW - Free Report) by 74,042.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,520 shares of the basic materials company's stock after acquiring an additional 41,464 shares during the quarter. First Horizon Advisors Inc. owned 0.26% of Clearwater Paper worth $1,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in Clearwater Paper in the first quarter valued at approximately $239,000. Woodmont Investment Counsel LLC increased its stake in Clearwater Paper by 5.3% in the first quarter. Woodmont Investment Counsel LLC now owns 39,670 shares of the basic materials company's stock valued at $1,006,000 after acquiring an additional 2,008 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Clearwater Paper in the first quarter valued at approximately $152,000. SummerHaven Investment Management LLC increased its stake in Clearwater Paper by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 17,056 shares of the basic materials company's stock valued at $433,000 after acquiring an additional 448 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased 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 acquiring an additional 4,902 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

Clearwater Paper Price Performance

NYSE:CLW traded down $0.51 during mid-day trading on Tuesday, reaching $29.31. The stock had a trading volume of 126,507 shares, compared to its average volume of 318,830. The stock has a 50-day simple moving average of $28.30 and a two-hundred day simple moving average of $27.70. The stock has a market capitalization of $476.58 million, a PE ratio of 2.84 and a beta of 0.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.66 and a quick ratio of 0.80. Clearwater Paper Corporation has a 12 month low of $22.58 and a 12 month high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). The company had revenue of $378.20 million for the quarter, compared to the consensus estimate of $387.00 million. Clearwater Paper had a negative return on equity of 5.76% and a net margin of 9.90%.

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.