First Eagle Investment Management LLC Raises Stock Holdings in Clearwater Paper Corporation $CLW

First Eagle Investment Management LLC lifted its stake in Clearwater Paper Corporation (NYSE:CLW) by 125.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,558 shares of the basic materials company’s stock after buying an additional 105,645 shares during the quarter. First Eagle Investment Management LLC owned about 1.18% of Clearwater Paper worth $5,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Clearwater Paper by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 390 shares in the last quarter. Woodmont Investment Counsel LLC boosted its position in shares of Clearwater Paper by 1.3% in the second quarter. Woodmont Investment Counsel LLC now owns 40,170 shares of the basic materials company’s stock worth $1,094,000 after purchasing an additional 500 shares during the period. Invesco Ltd. increased its stake in shares of Clearwater Paper by 0.7% in the first quarter. Invesco Ltd. now owns 68,191 shares of the basic materials company’s stock worth $1,730,000 after purchasing an additional 501 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Clearwater Paper by 3.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,623 shares of the basic materials company’s stock valued at $480,000 after purchasing an additional 567 shares during the period. Finally, Significant Wealth Partners LLC raised its position in shares of Clearwater Paper by 5.7% during the 2nd quarter. Significant Wealth Partners LLC now owns 12,639 shares of the basic materials company’s stock valued at $344,000 after purchasing an additional 686 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CLW has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Paper in a research note on Wednesday, October 8th. Wall Street Zen upgraded Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. TD Cowen assumed coverage on Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating and a $30.00 target price on the stock. TD Securities set a $30.00 price target on Clearwater Paper and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Cowen began coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating for the company. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Clearwater Paper Trading Down 1.6%

CLW opened at $18.08 on Friday. The firm has a market cap of $290.07 million, a price-to-earnings ratio of 2.15 and a beta of 0.16. The company has a current ratio of 2.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $20.15 and a 200-day moving average price of $24.42. Clearwater Paper Corporation has a 12 month low of $16.53 and a 12 month high of $33.56.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter. Clearwater Paper had a negative return on equity of 3.65% and a net margin of 9.14%.The firm had revenue of ($358.30) million during the quarter.

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.