D. E. Shaw & Co. Inc. raised its position in shares of Clearwater Paper Corp (NYSE:CLW) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,892 shares of the basic materials company’s stock after purchasing an additional 1,395 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Clearwater Paper were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CLW. Oregon Public Employees Retirement Fund bought a new stake in Clearwater Paper during the 4th quarter valued at $153,000. Man Group plc bought a new position in shares of Clearwater Paper in the 3rd quarter worth $255,000. Texas Permanent School Fund raised its position in shares of Clearwater Paper by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 10,772 shares of the basic materials company’s stock worth $263,000 after acquiring an additional 415 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Clearwater Paper by 66.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 14,493 shares of the basic materials company’s stock worth $353,000 after acquiring an additional 5,760 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its position in shares of Clearwater Paper by 58.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 12,394 shares of the basic materials company’s stock worth $368,000 after acquiring an additional 4,558 shares in the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. Zacks Investment Research raised Clearwater Paper from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, January 9th. ValuEngine lowered Clearwater Paper from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Clearwater Paper in a research report on Wednesday, March 13th. DA Davidson reduced their price target on Clearwater Paper to $44.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, TheStreet lowered Clearwater Paper from a “c” rating to a “d” rating in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.25.
Clearwater Paper (NYSE:CLW) last announced its earnings results on Tuesday, March 12th. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Clearwater Paper had a positive return on equity of 7.55% and a negative net margin of 8.34%. The company had revenue of $428.71 million for the quarter, compared to analyst estimates of $413.21 million. Research analysts expect that Clearwater Paper Corp will post 0.42 earnings per share for the current year.
About Clearwater Paper
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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