Inspire Investing LLC Increases Position in Clearwater Paper Corporation $CLW

Inspire Investing LLC raised its position in Clearwater Paper Corporation (NYSE:CLW) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,366 shares of the basic materials company’s stock after purchasing an additional 866 shares during the period. Inspire Investing LLC owned 0.09% of Clearwater Paper worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CLW. Elite Financial Inc. purchased a new stake in shares of Clearwater Paper in the 1st quarter valued at approximately $74,000. GAMMA Investing LLC boosted its holdings in shares of Clearwater Paper by 2,384.8% in the 1st quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company’s stock valued at $91,000 after buying an additional 3,458 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Clearwater Paper in the 1st quarter valued at $98,000. FNY Investment Advisers LLC acquired a new position in shares of Clearwater Paper in the 1st quarter valued at $152,000. Finally, Caxton Associates LLP acquired a new position in shares of Clearwater Paper in the 1st quarter valued at $204,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Stock Performance

Shares of CLW opened at $18.97 on Wednesday. The company has a 50-day simple moving average of $21.24 and a 200-day simple moving average of $25.16. The company has a quick ratio of 0.87, a current ratio of 1.97 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $305.48 million, a PE ratio of 1.57 and a beta of 0.17. Clearwater Paper Corporation has a 52-week low of $18.71 and a 52-week high of $33.56.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter. Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%. The company had revenue of ($358.30) million during the quarter.

Analyst Upgrades and Downgrades

CLW has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Paper in a report on Wednesday, October 8th. TD Cowen began coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating and a $30.00 price target for the company. TD Securities set a $30.00 price target on shares of Clearwater Paper and gave the stock a “buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada decreased their price target on shares of Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Finally, Cowen began coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Clearwater Paper has an average rating of “Moderate Buy” and a consensus price target of $32.00.

About Clearwater Paper

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.