Peregrine Capital Management LLC boosted its position in shares of Clearwater Paper Corp (NYSE:CLW) by 49.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,701 shares of the basic materials company’s stock after purchasing an additional 99,203 shares during the period. Peregrine Capital Management LLC owned approximately 1.82% of Clearwater Paper worth $7,279,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. WS Management Lllp purchased a new position in Clearwater Paper during the third quarter worth about $5,792,000. Algert Global LLC raised its stake in Clearwater Paper by 83.5% during the third quarter. Algert Global LLC now owns 23,088 shares of the basic materials company’s stock worth $686,000 after purchasing an additional 10,504 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Clearwater Paper during the second quarter worth about $277,000. Prudential Financial Inc. raised its stake in Clearwater Paper by 25.8% during the third quarter. Prudential Financial Inc. now owns 162,798 shares of the basic materials company’s stock worth $4,835,000 after purchasing an additional 33,340 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in Clearwater Paper by 73.6% during the third quarter. Pictet Asset Management Ltd. now owns 446,849 shares of the basic materials company’s stock worth $13,271,000 after purchasing an additional 189,477 shares during the period. 88.22% of the stock is currently owned by institutional investors.
CLW has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Clearwater Paper from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, November 9th. ValuEngine downgraded shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, Royal Bank of Canada reduced their price target on shares of Clearwater Paper from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, November 9th.
Shares of Clearwater Paper stock traded up $0.30 on Monday, reaching $33.31. The company had a trading volume of 88,986 shares, compared to its average volume of 135,296. The company has a market capitalization of $542.95 million, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 4.82 and a beta of 1.91. Clearwater Paper Corp has a 52-week low of $21.55 and a 52-week high of $40.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 1.10.
Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Thursday, November 8th. The basic materials company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.85. The business had revenue of $426.46 million for the quarter, compared to the consensus estimate of $434.38 million. Clearwater Paper had a net margin of 7.21% and a return on equity of 8.27%. During the same period in the previous year, the firm earned $0.32 EPS. Equities analysts expect that Clearwater Paper Corp will post 2.52 earnings per share for the current year.
About Clearwater Paper
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.
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