Clearwater Paper Corp (NYSE:CLW) Position Trimmed by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its holdings in shares of Clearwater Paper Corp (NYSE:CLW) by 0.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 328,134 shares of the basic materials company’s stock after selling 741 shares during the period. Wedge Capital Management L L P NC owned about 1.99% of Clearwater Paper worth $6,067,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CLW. Norges Bank bought a new stake in Clearwater Paper during the fourth quarter worth approximately $2,630,000. Dimensional Fund Advisors LP boosted its holdings in Clearwater Paper by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock worth $33,135,000 after buying an additional 30,510 shares in the last quarter. LSV Asset Management boosted its holdings in Clearwater Paper by 4.2% during the first quarter. LSV Asset Management now owns 656,377 shares of the basic materials company’s stock worth $12,786,000 after buying an additional 26,331 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Clearwater Paper by 210.8% during the second quarter. AE Wealth Management LLC now owns 31,932 shares of the basic materials company’s stock worth $590,000 after buying an additional 21,658 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in Clearwater Paper during the first quarter worth approximately $374,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Shares of NYSE:CLW traded up $0.11 during mid-day trading on Friday, hitting $16.54. The stock had a trading volume of 2,660 shares, compared to its average volume of 219,193. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.43 and a current ratio of 0.95. The company has a market cap of $291.49 million, a PE ratio of 6.49 and a beta of 1.91. Clearwater Paper Corp has a 12-month low of $15.25 and a 12-month high of $35.27. The company’s 50 day moving average is $18.49 and its 200-day moving average is $21.52.



Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.16). The firm had revenue of $451.99 million during the quarter, compared to analysts’ expectations of $448.35 million. Clearwater Paper had a negative net margin of 8.64% and a positive return on equity of 6.82%. On average, equities research analysts predict that Clearwater Paper Corp will post -0.2 EPS for the current fiscal year.

A number of brokerages recently weighed in on CLW. ValuEngine upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. KeyCorp restated a “hold” rating on shares of Clearwater Paper in a research report on Wednesday, May 1st. Royal Bank of Canada downgraded shares of Clearwater Paper from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $20.00 to $15.00 in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.33.

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

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