Quantinno Capital Management LP Increases Holdings in Clearwater Paper Corporation $CLW

Quantinno Capital Management LP boosted its stake in shares of Clearwater Paper Corporation (NYSE:CLW) by 134.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,515 shares of the basic materials company’s stock after buying an additional 29,570 shares during the period. Quantinno Capital Management LP owned 0.32% of Clearwater Paper worth $741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Clearwater Paper during the 4th quarter worth $47,000. Group One Trading LLC raised its stake in Clearwater Paper by 184.4% during the first quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 2,316 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Clearwater Paper by 34.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 563 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Clearwater Paper by 608.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company’s stock valued at $179,000 after buying an additional 5,656 shares during the period. Finally, Caxton Associates LLP purchased a new stake in shares of Clearwater Paper in the 1st quarter valued at approximately $204,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Stock Performance

Shares of CLW stock opened at $20.65 on Wednesday. The firm’s 50 day moving average price is $18.00 and its 200-day moving average price is $16.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.17 and a current ratio of 2.29. Clearwater Paper Corporation has a one year low of $11.73 and a one year high of $23.59. The firm has a market cap of $333.13 million, a P/E ratio of -6.79 and a beta of 0.24.

Clearwater Paper (NYSE:CLW) last posted its earnings results on Tuesday, July 28th. The basic materials company reported ($1.75) earnings per share for the quarter, missing the consensus estimate of ($1.49) by ($0.26). The company had revenue of $374.80 million during the quarter, compared to analyst estimates of $374.80 million. Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%. As a group, equities research analysts predict that Clearwater Paper Corporation will post -2.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CLW. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clearwater Paper in a research report on Wednesday, August 5th. Truist Financial increased their price objective on Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Zacks Research upgraded Clearwater Paper to a “hold” rating in a research report on Monday, July 6th. Bank of America began coverage on Clearwater Paper in a research note on Thursday, July 2nd. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Wall Street Zen cut Clearwater Paper from a “hold” rating to a “sell” rating in a report on Sunday, June 28th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.50.

About Clearwater Paper

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.