IQ EQ FUND MANAGEMENT IRELAND Ltd Trims Position in Clearwater Paper Co. (NYSE:CLW)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in shares of Clearwater Paper Co. (NYSE:CLW) by 6.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,609 shares of the basic materials company’s stock after selling 1,375 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.13% of Clearwater Paper worth $1,047,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CLW. Wasatch Advisors LP bought a new position in Clearwater Paper during the fourth quarter valued at $9,909,000. Grizzlyrock Capital LLC purchased a new position in Clearwater Paper during the 4th quarter valued at about $4,585,000. Allspring Global Investments Holdings LLC increased its position in Clearwater Paper by 780.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 109,134 shares of the basic materials company’s stock valued at $4,772,000 after purchasing an additional 96,740 shares during the period. Assenagon Asset Management S.A. increased its position in Clearwater Paper by 24.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 219,983 shares of the basic materials company’s stock valued at $10,663,000 after purchasing an additional 42,935 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Clearwater Paper by 141.7% during the 1st quarter. BNP Paribas Financial Markets now owns 47,056 shares of the basic materials company’s stock valued at $2,058,000 after purchasing an additional 27,585 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Clearwater Paper from $42.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. StockNews.com cut shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Clearwater Paper Stock Performance

Shares of CLW traded up $0.87 during trading hours on Thursday, hitting $33.62. The stock had a trading volume of 138,807 shares, compared to its average volume of 192,922. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 1.73. The firm has a 50-day moving average price of $44.26 and a 200 day moving average price of $44.12. Clearwater Paper Co. has a fifty-two week low of $30.15 and a fifty-two week high of $57.13. The firm has a market capitalization of $560.71 million, a price-to-earnings ratio of 5.62 and a beta of 0.40.

Clearwater Paper (NYSE:CLW) last posted its earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $586.40 million during the quarter. Clearwater Paper had a net margin of 2.16% and a return on equity of 11.56%.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.