Corton Capital Inc. Acquires New Stake in Clearwater Paper Corporation $CLW

Corton Capital Inc. acquired a new stake in shares of Clearwater Paper Corporation (NYSE:CLW) during the second quarter, Holdings Channel reports. The firm acquired 11,426 shares of the basic materials company’s stock, valued at approximately $311,000.

A number of other hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Clearwater Paper during the first quarter worth approximately $239,000. Jacobs Levy Equity Management Inc. boosted its holdings in Clearwater Paper by 109.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 111,396 shares of the basic materials company’s stock worth $2,826,000 after buying an additional 58,104 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Clearwater Paper by 1.9% during the first quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company’s stock worth $28,982,000 after buying an additional 20,936 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Clearwater Paper by 21.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 233,474 shares of the basic materials company’s stock worth $5,923,000 after purchasing an additional 41,633 shares during the period. Finally, Seven Six Capital Management LLC boosted its stake in shares of Clearwater Paper by 30.0% during the 1st quarter. Seven Six Capital Management LLC now owns 86,959 shares of the basic materials company’s stock valued at $2,206,000 after buying an additional 20,050 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Clearwater Paper Stock Down 0.0%

Clearwater Paper stock opened at $17.58 on Monday. The company has a market capitalization of $282.03 million, a P/E ratio of 2.09 and a beta of 0.16. The firm’s fifty day simple moving average is $20.47 and its 200-day simple moving average is $24.64. The company has a current ratio of 2.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. Clearwater Paper Corporation has a 1-year low of $16.53 and a 1-year high of $33.56.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share for the quarter. The business had revenue of ($358.30) million for the quarter. Clearwater Paper had a net margin of 9.14% and a negative return on equity of 3.65%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Paper in a research note on Wednesday, October 8th. Cowen assumed coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating for the company. Wall Street Zen raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Saturday. TD Cowen initiated coverage on shares of Clearwater Paper in a report on Monday, September 22nd. They set a “buy” rating and a $30.00 price target on the stock. Finally, TD Securities set a $30.00 price target on shares of Clearwater Paper and gave the company a “buy” rating in a report on Monday, September 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

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.