UBS Asset Management Americas Inc. Holds Stake in Clearwater Paper Corporation (CLW)

UBS Asset Management Americas Inc. maintained its position in shares of Clearwater Paper Corporation (NYSE:CLW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,299 shares of the basic materials company’s stock at the end of the second quarter. UBS Asset Management Americas Inc.’s holdings in Clearwater Paper Corporation were worth $341,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Clearwater Paper Corporation by 12.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 154,544 shares of the basic materials company’s stock valued at $7,225,000 after buying an additional 17,589 shares during the period. Comerica Bank boosted its holdings in shares of Clearwater Paper Corporation by 12.7% in the second quarter. Comerica Bank now owns 56,350 shares of the basic materials company’s stock valued at $2,753,000 after buying an additional 6,330 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Clearwater Paper Corporation by 107.9% in the second quarter. Russell Investments Group Ltd. now owns 12,200 shares of the basic materials company’s stock valued at $570,000 after buying an additional 6,332 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Clearwater Paper Corporation by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,207,516 shares of the basic materials company’s stock valued at $67,622,000 after buying an additional 44,514 shares during the period. Finally, Paloma Partners Management Co boosted its holdings in shares of Clearwater Paper Corporation by 3.2% in the first quarter. Paloma Partners Management Co now owns 10,871 shares of the basic materials company’s stock valued at $608,000 after buying an additional 340 shares during the period. Institutional investors own 84.55% of the company’s stock.

Shares of Clearwater Paper Corporation (CLW) opened at 45.85 on Tuesday. The company has a market cap of $753.45 million, a price-to-earnings ratio of 29.56 and a beta of 1.05. The stock has a 50 day moving average of $46.25 and a 200-day moving average of $46.65. Clearwater Paper Corporation has a 12 month low of $42.20 and a 12 month high of $68.40.

Clearwater Paper Corporation (NYSE:CLW) last posted its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.18. Clearwater Paper Corporation had a net margin of 1.50% and a return on equity of 7.38%. The business had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.87 million. During the same quarter last year, the firm posted $0.14 EPS. Clearwater Paper Corporation’s revenue was down 2.0% compared to the same quarter last year. On average, analysts forecast that Clearwater Paper Corporation will post $2.29 EPS for the current year.

Several research firms have recently weighed in on CLW. BidaskClub cut shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. KeyCorp reiterated a “hold” rating on shares of Clearwater Paper Corporation in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Finally, Royal Bank Of Canada cut their price objective on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.00.

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Clearwater Paper Corporation Company Profile

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

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

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