Jacobs Levy Equity Management Inc. Has $2.83 Million Holdings 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. lifted its stake in shares of Clearwater Paper Corporation (NYSE:CLW - Free Report) by 109.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CLW. BNP Paribas Financial Markets lifted its position in shares of Clearwater Paper by 209.9% during the 4th quarter. BNP Paribas Financial Markets now owns 11,094 shares of the basic materials company's stock worth $330,000 after buying an additional 7,514 shares during the last quarter. Bank of America Corp DE lifted its position 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 buying an additional 36,910 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Clearwater Paper during the 4th quarter worth $1,948,000. Centiva Capital LP bought a new stake in shares of Clearwater Paper during the 4th quarter worth $270,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Clearwater Paper during the 4th quarter worth $1,061,000. 89.98% of the stock is currently owned by institutional investors.

Clearwater Paper Trading Down 0.4%

NYSE CLW traded down $0.09 during trading hours on Monday, hitting $21.27. 15,713 shares of the company's stock were exchanged, compared to its average volume of 250,406. The stock has a 50-day simple moving average of $24.46 and a 200 day simple moving average of $25.79. Clearwater Paper Corporation has a 1-year low of $20.84 and a 1-year high of $33.56. The firm has a market cap of $342.45 million, a price-to-earnings ratio of 1.77 and a beta of 0.12. The company has a current ratio of 1.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.51). Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%. The firm had revenue of $391.80 million during the quarter, compared to analyst estimates of $397.00 million.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CLW shares. Royal Bank Of Canada dropped their price objective on Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Wall Street Zen upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $36.00.

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.