Legal & General Group Plc decreased its holdings in Clearwater Paper Corp (NYSE:CLW) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,993 shares of the basic materials company’s stock after selling 3,483 shares during the period. Legal & General Group Plc owned 0.24% of Clearwater Paper worth $901,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in Clearwater Paper by 9.2% during the second quarter. BlackRock Inc. now owns 2,327,234 shares of the basic materials company’s stock valued at $53,759,000 after acquiring an additional 196,113 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Clearwater Paper by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,395,341 shares of the basic materials company’s stock valued at $54,558,000 after acquiring an additional 9,847 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Clearwater Paper by 19.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 257,677 shares of the basic materials company’s stock valued at $5,953,000 after acquiring an additional 41,418 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Clearwater Paper during the second quarter valued at approximately $3,255,000. Finally, Personal Capital Advisors Corp grew its stake in Clearwater Paper by 100.2% during the second quarter. Personal Capital Advisors Corp now owns 129,391 shares of the basic materials company’s stock valued at $2,989,000 after acquiring an additional 64,774 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.
CLW has been the subject of several recent analyst reports. ValuEngine raised shares of Clearwater Paper from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised shares of Clearwater Paper from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, Royal Bank of Canada cut shares of Clearwater Paper from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $30.00 to $35.00 in a research note on Friday, August 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $36.33.
Shares of NYSE:CLW opened at $28.77 on Tuesday. The company has a market cap of $488.50 million, a P/E ratio of 12.40, a PEG ratio of 3.18 and a beta of 1.18. Clearwater Paper Corp has a 12 month low of $21.55 and a 12 month high of $50.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.36.
Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.28 by $0.15. The company had revenue of $432.10 million during the quarter, compared to analysts’ expectations of $428.15 million. Clearwater Paper had a net margin of 5.27% and a return on equity of 4.95%. As a group, equities research analysts anticipate that Clearwater Paper Corp will post 1.87 earnings per share for the current year.
Clearwater Paper Company Profile
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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