Elkfork Partners LLC bought a new position in shares of Clearwater Paper Co. (NYSE:CLW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,492 shares of the basic materials company’s stock, valued at approximately $113,000.
Several other institutional investors also recently bought and sold shares of CLW. BlackRock Inc. lifted its position in shares of Clearwater Paper by 3.7% during the 4th quarter. BlackRock Inc. now owns 2,100,408 shares of the basic materials company’s stock worth $95,359,000 after buying an additional 74,432 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Clearwater Paper by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,351,987 shares of the basic materials company’s stock worth $66,586,000 after buying an additional 35,387 shares during the period. Clearbridge LLC lifted its position in shares of Clearwater Paper by 10.3% during the 4th quarter. Clearbridge LLC now owns 376,133 shares of the basic materials company’s stock worth $17,076,000 after buying an additional 34,980 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Clearwater Paper by 19.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 193,339 shares of the basic materials company’s stock worth $8,778,000 after buying an additional 30,921 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Clearwater Paper during the 4th quarter worth approximately $1,337,000. Institutional investors and hedge funds own 87.64% of the company’s stock.
CLW has been the subject of several analyst reports. Zacks Investment Research upgraded Clearwater Paper from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, March 14th. Royal Bank of Canada dropped their price target on Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating for the company in a report on Tuesday, February 6th. Finally, ValuEngine cut Clearwater Paper from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $42.50.
In related news, VP Michael S. Gadd sold 5,368 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $37.68, for a total transaction of $202,266.24. Following the completion of the sale, the vice president now directly owns 11,712 shares of the company’s stock, valued at approximately $441,308.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.41% of the company’s stock.
CLW stock opened at $37.75 on Friday. Clearwater Paper Co. has a fifty-two week low of $33.80 and a fifty-two week high of $57.10. The firm has a market cap of $618.44, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.98. The company has a quick ratio of 0.45, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.
Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). Clearwater Paper had a net margin of 5.63% and a return on equity of 7.12%. The business had revenue of $436.70 million for the quarter, compared to analyst estimates of $431.04 million. During the same period in the prior year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts expect that Clearwater Paper Co. will post 2.93 EPS for the current fiscal year.
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About Clearwater Paper
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.
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