Alpha Paradigm Partners LLC Acquires Shares of 12,247 Clearwater Paper Co. (NYSE:CLW)

Alpha Paradigm Partners LLC acquired a new stake in shares of Clearwater Paper Co. (NYSE:CLW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,247 shares of the basic materials company’s stock, valued at approximately $355,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CLW. BlackRock Inc. boosted its stake in Clearwater Paper by 7.9% during the 1st quarter. BlackRock Inc. now owns 2,752,301 shares of the basic materials company’s stock valued at $103,543,000 after acquiring an additional 200,411 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Clearwater Paper by 290.0% during the 1st quarter. JPMorgan Chase & Co. now owns 131,620 shares of the basic materials company’s stock valued at $4,951,000 after acquiring an additional 97,870 shares during the last quarter. Federated Hermes Inc. boosted its stake in Clearwater Paper by 223.1% during the 1st quarter. Federated Hermes Inc. now owns 74,851 shares of the basic materials company’s stock valued at $2,816,000 after acquiring an additional 51,687 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Clearwater Paper by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,815,532 shares of the basic materials company’s stock valued at $68,300,000 after acquiring an additional 38,647 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Clearwater Paper by 3.1% during the second quarter. Vanguard Group Inc. now owns 1,160,514 shares of the basic materials company’s stock worth $33,620,000 after purchasing an additional 34,949 shares during the period. Hedge funds and other institutional investors own 87.14% of the company’s stock.

CLW stock opened at $38.82 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.95 and a debt-to-equity ratio of 1.47. Clearwater Paper Co. has a fifty-two week low of $27.30 and a fifty-two week high of $45.81. The firm’s 50-day simple moving average is $34.44 and its 200 day simple moving average is $32.12. The stock has a market cap of $647.91 million, a PE ratio of 14.81 and a beta of 1.26.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Wednesday, August 4th. The basic materials company reported ($1.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.53) by $0.46. Clearwater Paper had a net margin of 0.26% and a return on equity of 8.82%. The business had revenue of $406.40 million for the quarter, compared to analysts’ expectations of $440.00 million. Equities analysts forecast that Clearwater Paper Co. will post 0.76 EPS for the current fiscal year.

CLW has been the topic of a number of research reports. Zacks Investment Research cut shares of Clearwater Paper from a “buy” rating to a “hold” rating in a report on Tuesday, October 5th. Royal Bank of Canada dropped their target price on shares of Clearwater Paper from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Thursday, August 5th.

Clearwater Paper Company Profile

Clearwater Paper Corp. engages in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. It operates through the Consumer Products, and Pulp and Paperboard segments. The Consumer Products segment manufactures and sells a complete line of at-home tissue products. The Pulp and Paperboard segment produces and markets solid bleached sulfate paperboard for the high-end segment of the packaging industry and offers custom sheeting, slitting, and cutting of paperboard.

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

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