25,594 Shares in Clearwater Paper Corporation $CLW Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in Clearwater Paper Corporation (NYSE:CLWFree Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 25,594 shares of the basic materials company’s stock, valued at approximately $401,000. Ieq Capital LLC owned approximately 0.16% of Clearwater Paper at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Clearwater Paper by 4.2% in the first 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 during the period. Tower Research Capital LLC TRC raised its stake in shares of Clearwater Paper by 34.7% during the 2nd 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 during the period. Verition Fund Management LLC lifted its holdings in Clearwater Paper by 4.1% during the 4th quarter. Verition Fund Management LLC now owns 15,900 shares of the basic materials company’s stock worth $277,000 after purchasing an additional 631 shares in the last quarter. Deutsche Bank AG lifted its holdings in Clearwater Paper by 7.0% during the 4th quarter. Deutsche Bank AG now owns 12,319 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 802 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Clearwater Paper by 26.4% in the 2nd quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 965 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CLW. Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Clearwater Paper in a research report on Wednesday, July 29th. Bank of America began coverage on shares of Clearwater Paper in a research report on Thursday, July 2nd. They issued a “buy” rating and a $19.00 price objective for the company. TD Securities reaffirmed a “hold” rating and set a $20.00 target price on shares of Clearwater Paper in a report on Wednesday, July 29th. Truist Financial increased their target price on shares of Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Finally, Zacks Research raised shares of Clearwater Paper to a “hold” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.50.

Check Out Our Latest Analysis on CLW

Clearwater Paper Stock Performance

Shares of NYSE CLW opened at $20.76 on Friday. The stock’s 50-day moving average is $18.70 and its 200 day moving average is $16.26. The stock has a market cap of $334.86 million, a price-to-earnings ratio of -6.83 and a beta of 0.24. Clearwater Paper Corporation has a 1-year low of $11.73 and a 1-year high of $23.59. 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:CLWGet Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($1.49) by ($0.26). The business had revenue of $374.80 million for the quarter, compared to the consensus estimate of $374.80 million. Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%. On average, sell-side analysts anticipate that Clearwater Paper Corporation will post -2.95 EPS for the current fiscal year.

Clearwater Paper Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Clearwater Paper (NYSE:CLW)

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