Clearwater Paper Corporation $CLW Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Clearwater Paper Corporation (NYSE:CLW) by 134.7% during the 1st quarter, Holdings Channel reports. The firm owned 51,515 shares of the basic materials company’s stock after buying an additional 29,570 shares during the period. Quantinno Capital Management LP’s holdings in Clearwater Paper were worth $741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CLW. Tower Research Capital LLC TRC grew its holdings in shares of Clearwater Paper by 34.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 563 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Clearwater Paper during the 4th quarter worth approximately $47,000. Group One Trading LLC lifted its holdings in Clearwater Paper by 184.4% during the 1st quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock worth $51,000 after buying an additional 2,316 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Clearwater Paper by 608.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company’s stock valued at $179,000 after buying an additional 5,656 shares during the period. Finally, Caxton Associates LLP purchased a new position in Clearwater Paper in the 1st quarter valued at approximately $204,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CLW shares. TD lowered Clearwater Paper from a “buy” rating to a “hold” rating and cut their price objective for the stock from $19.00 to $17.00 in a research report on Wednesday, April 29th. Bank of America initiated coverage on Clearwater Paper in a report on Thursday, July 2nd. They issued a “buy” rating and a $19.00 target price for the company. TD Cowen downgraded Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a report on Wednesday, April 29th. TD Securities reaffirmed a “hold” rating and issued a $20.00 price target on shares of Clearwater Paper in a research report on Wednesday, July 29th. Finally, Truist Financial lifted their price objective on Clearwater Paper from $12.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Clearwater Paper presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Clearwater Paper Trading Up 0.1%

Shares of NYSE:CLW opened at $20.65 on Wednesday. Clearwater Paper Corporation has a 52 week low of $11.73 and a 52 week high of $23.59. The company’s 50 day moving average is $18.00 and its two-hundred day moving average is $16.03. The company has a market cap of $333.13 million, a PE ratio of -6.79 and a beta of 0.24. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.49) by ($0.26). The firm had revenue of $374.80 million for the quarter, compared to analysts’ expectations of $374.80 million. Clearwater Paper had a negative return on equity of 7.95% and a negative net margin of 3.24%. Equities analysts predict that Clearwater Paper Corporation will post -2.95 earnings per share for the current fiscal year.

About Clearwater Paper

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.