Jacobs Levy Equity Management Inc. Has $2.83 Million Position in Clearwater Paper Corporation $CLW

Key Points

• Jacobs Levy Equity Management Inc. increased its holdings in Clearwater Paper Corporation by 109.0%, acquiring an additional 58,104 shares in the first quarter, raising its ownership to 111,396 shares worth approximately $2.83 million.
• Several institutional investors have significantly increased their stakes in Clearwater Paper, with Harbor Capital Advisors raising its position by 5,906.0% during the same period.
• Clearwater Paper's stock price decreased by 3.1% after the company reported earnings of $0.22 per share, missing analysts' estimates by $0.51, with revenue also falling short of expectations.

Jacobs Levy Equity Management Inc. increased its stake in Clearwater Paper Corporation (NYSE:CLW - Free Report) by 109.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,396 shares of the basic materials company's stock after purchasing an additional 58,104 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.69% of Clearwater Paper worth $2,826,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CLW. Elite Financial Inc. purchased a new position in Clearwater Paper during the 1st quarter valued at about $74,000. GAMMA Investing LLC boosted its position in shares of 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 worth $91,000 after acquiring an additional 3,458 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Clearwater Paper in the first quarter worth approximately $98,000. Harbor Capital Advisors Inc. lifted its position in Clearwater Paper by 5,906.0% during the first quarter. Harbor Capital Advisors Inc. now owns 4,985 shares of the basic materials company's stock valued at $126,000 after buying an additional 4,902 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Clearwater Paper during the first quarter valued at approximately $152,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CLW. Wall Street Zen cut shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. Royal Bank Of Canada lowered 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 MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $36.00.

Clearwater Paper Trading Down 1.8%

CLW stock traded down $0.39 during midday trading on Friday, reaching $21.42. The stock had a trading volume of 99,414 shares, compared to its average volume of 171,556. The business has a fifty day simple moving average of $24.46 and a two-hundred day simple moving average of $25.80. The company has a quick ratio of 0.87, a current ratio of 1.97 and a debt-to-equity ratio of 0.39. The firm has a market cap of $344.86 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 $33.56.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its earnings results 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 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.