Acadian Asset Management LLC increased its stake in Clearwater Paper Corp (NYSE:CLW) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,887 shares of the basic materials company’s stock after buying an additional 5,023 shares during the quarter. Acadian Asset Management LLC owned about 0.52% of Clearwater Paper worth $2,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CLW. Tower Research Capital LLC TRC lifted its position in shares of Clearwater Paper by 209.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,360 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 2,953 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Clearwater Paper by 67.7% during the second quarter. Riverhead Capital Management LLC now owns 5,200 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 2,100 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Clearwater Paper by 72.5% during the second quarter. Flinton Capital Management LLC now owns 5,338 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 2,244 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Clearwater Paper during the third quarter worth $217,000. Finally, Sawtooth Solutions LLC bought a new stake in shares of Clearwater Paper during the third quarter worth $246,000. Institutional investors own 88.51% of the company’s stock.

CLW stock opened at $25.64 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $451.49 million, a P/E ratio of 11.05, a PEG ratio of 2.94 and a beta of 1.29. Clearwater Paper Corp has a 1-year low of $21.55 and a 1-year high of $50.60.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Thursday, November 8th. The basic materials company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.85. The firm had revenue of $426.46 million during the quarter, compared to the consensus estimate of $434.38 million. Clearwater Paper had a return on equity of 4.95% and a net margin of 5.27%. During the same period in the previous year, the company posted $0.32 earnings per share. On average, sell-side analysts anticipate that Clearwater Paper Corp will post 1.87 EPS for the current fiscal year.

CLW has been the subject of several research analyst reports. Royal Bank of Canada downgraded Clearwater Paper from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $30.00 to $35.00 in a research report on Friday, August 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded Clearwater Paper from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Friday. Finally, ValuEngine upgraded Clearwater Paper from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 6th.

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

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