Royce & Associates LP holds a $582,000 position in Clearwater Paper Co. (NYSE:CLW)

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Royce & Associates LP reduced its position in shares of Clearwater Paper Co. (NYSE: CLW – Get Rating) by 34.8% in the 1st quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 20,761 shares of the basic materials company after selling 11,060 shares during the period. Royce & Associates LP owned approximately 0.12% of Clearwater Paper worth $582,000 when it last filed with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Clearwater Paper in Q1 worth $29,000. Koshinski Asset Management Inc. acquired a new stake in Clearwater Paper during Q1 valued at $48,000. AXS Investments LLC acquired a new stake in Clearwater Paper during the 4th quarter for a value of $223,000. Envestnet Asset Management Inc. acquired a new stake in Clearwater Paper during the 4th quarter for a value of $279,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Clearwater Paper during the 4th quarter for a value of $293,000. 90.02% of the shares are held by institutional investors and hedge funds.

Analysts set new price targets

CLW has been the subject of a number of analyst reports. BMO Capital Markets raised its price target on Clearwater Paper from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday. TheStreet upgraded Clearwater Paper from a “c” grade to a “b” grade in a research report on Wednesday. StockNews.com upgraded Clearwater Paper from a “hold” rating to a “buy” rating in a Wednesday, May 4 research report. Finally, Royal Bank of Canada downgraded Clearwater Paper from an “sector performance” rating to an “outperform” rating and raised its price target for the company from $40.00 to $45.00. in a research report Wednesday.

Insider activity

In related news, Vice Chairman Michael S. Gadd sold 8,691 shares of the company in a trade that took place Thursday, August 4. The stock was sold at an average price of $42.02, for a total transaction of $365,195.82. Following the transaction, the vice president now directly owns 69,866 shares of the company, valued at approximately $2,935,769.32. The transaction was disclosed in a document filed with the SEC, accessible via this link. 1.77% of the shares are held by insiders of the company.

Clearwater paper stock up 3.2%

NYSE:CLW shares opened at $43.22 on Friday. The company has a market capitalization of $723.50 million, a price-earnings ratio of 17.29 and a beta of 0.95. The company has a debt ratio of 1.08, a current ratio of 1.86 and a quick ratio of 0.88. The company’s 50-day moving average is $34.73 and its 200-day moving average is $31.69. Clearwater Paper Co. has a 1-year low of $25.07 and a 1-year high of $46.34.

Clearwater Paper (NYSE:CLW – Get Rating) last reported quarterly earnings data on Tuesday, August 2. The basic materials company reported earnings per share (EPS) of $1.11 for the quarter, meeting analyst consensus estimates of $1.11. Clearwater Paper had a return on equity of 11.51% and a net margin of 2.19%. During the same period of the previous year, the company recorded an EPS of ($1.07). Equity research analysts expect Clearwater Paper Co. to post earnings per share of 4.1 for the current year.

Clearwater Paper Company Profile

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Clearwater Paper Corporation manufactures and supplies bleached paperboard and bathroom tissue for consumers and parents in the United States and around the world. It operates through two segments, Pulp and Paperboard and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and paperboard packaging products, top sheet and commercial printing items, and softwood pulp products , as well as sheets, slits and custom die-cuts of cardboard products.

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Institutional ownership by quarter for Clearwater Paper (NYSE:CLW)



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