Janney Montgomery Scott LLC Has $613,000 Stake in Clearwater Paper Corporation (CLW)
Janney Montgomery Scott LLC grew its stake in shares of Clearwater Paper Corporation (NYSE:CLW) by 86.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,454 shares of the basic materials company’s stock after acquiring an additional 5,790 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Clearwater Paper worth $613,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Riverhead Capital Management LLC increased its holdings in Clearwater Paper by 80.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,164 shares of the basic materials company’s stock worth $101,000 after buying an additional 964 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Clearwater Paper by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock worth $119,000 after buying an additional 380 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Clearwater Paper by 17.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,861 shares of the basic materials company’s stock worth $134,000 after buying an additional 420 shares in the last quarter. SG Americas Securities LLC bought a new stake in Clearwater Paper in the 3rd quarter worth about $182,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Clearwater Paper in the 3rd quarter worth about $204,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.
CLW has been the subject of several research analyst reports. Zacks Investment Research downgraded Clearwater Paper from a “hold” rating to a “sell” rating in a report on Monday, October 9th. KeyCorp restated a “hold” rating on shares of Clearwater Paper in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Clearwater Paper currently has a consensus rating of “Hold” and an average price target of $60.00.
Shares of Clearwater Paper Corporation (NYSE CLW) opened at $45.90 on Monday. The stock has a market capitalization of $754.29, a PE ratio of 29.61, a price-to-earnings-growth ratio of 4.15 and a beta of 1.02. Clearwater Paper Corporation has a 52 week low of $42.20 and a 52 week high of $68.40. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.11.
Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.18. The business had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.87 million. Clearwater Paper had a return on equity of 7.38% and a net margin of 1.50%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. equities research analysts anticipate that Clearwater Paper Corporation will post 2.22 earnings per share for the current year.
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Clearwater Paper Company Profile
Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.
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