SG Americas Securities LLC bought a new position in Clearwater Paper Corporation (NYSE:CLW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,694 shares of the basic materials company’s stock, valued at approximately $182,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors purchased a new position in shares of Clearwater Paper in the 2nd quarter worth about $18,233,000. Northern Trust Corp boosted its holdings in shares of Clearwater Paper by 56.7% in the 2nd quarter. Northern Trust Corp now owns 351,814 shares of the basic materials company’s stock worth $16,447,000 after buying an additional 127,309 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Clearwater Paper by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,600 shares of the basic materials company’s stock worth $61,551,000 after buying an additional 109,084 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Clearwater Paper by 97.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 219,401 shares of the basic materials company’s stock worth $10,806,000 after buying an additional 108,498 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Clearwater Paper by 33.8% in the 3rd quarter. Prudential Financial Inc. now owns 127,048 shares of the basic materials company’s stock worth $6,257,000 after buying an additional 32,120 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Clearwater Paper from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 5th. KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $60.00.
Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.18. Clearwater Paper had a net margin of 1.50% and a return on equity of 7.38%. The business had revenue of $426.50 million for the quarter, compared to the consensus estimate of $426.87 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. equities research analysts anticipate that Clearwater Paper Corporation will post 2.22 EPS for the current year.
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Clearwater Paper 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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