Principal Financial Group Inc. Has $3.26 Million Stake in Clearwater Paper Corp (CLW)

Principal Financial Group Inc. lifted its position in Clearwater Paper Corp (NYSE:CLW) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,640 shares of the basic materials company’s stock after purchasing an additional 728 shares during the period. Principal Financial Group Inc.’s holdings in Clearwater Paper were worth $3,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Clearwater Paper by 1.7% in the fourth quarter. BlackRock Inc. now owns 2,476,961 shares of the basic materials company’s stock worth $60,364,000 after purchasing an additional 41,288 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Clearwater Paper by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock worth $33,135,000 after purchasing an additional 30,510 shares in the last quarter. LSV Asset Management increased its stake in shares of Clearwater Paper by 4.7% in the fourth quarter. LSV Asset Management now owns 630,046 shares of the basic materials company’s stock worth $15,354,000 after purchasing an additional 28,349 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of Clearwater Paper by 49.7% in the fourth quarter. Peregrine Capital Management LLC now owns 298,701 shares of the basic materials company’s stock worth $7,279,000 after purchasing an additional 99,203 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Clearwater Paper by 7.4% in the fourth quarter. Bank of New York Mellon Corp now owns 218,011 shares of the basic materials company’s stock worth $5,313,000 after purchasing an additional 14,979 shares in the last quarter. 87.91% of the stock is owned by hedge funds and other institutional investors.

CLW has been the subject of a number of analyst reports. ValuEngine cut shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price objective on shares of Clearwater Paper in a research note on Wednesday, March 13th. Zacks Investment Research cut shares of Clearwater Paper from a “hold” rating to a “strong sell” rating in a research note on Monday, March 18th. TheStreet cut shares of Clearwater Paper from a “c” rating to a “d” rating in a research note on Wednesday, March 13th. Finally, DA Davidson cut their target price on shares of Clearwater Paper to $44.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Clearwater Paper currently has an average rating of “Hold” and an average target price of $34.25.

CLW opened at $19.59 on Wednesday. The firm has a market cap of $322.05 million, a P/E ratio of 7.68, a P/E/G ratio of 9.40 and a beta of 1.75. Clearwater Paper Corp has a fifty-two week low of $18.95 and a fifty-two week high of $40.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.99 and a quick ratio of 0.40.

Clearwater Paper (NYSE:CLW) last posted its earnings results on Tuesday, March 12th. The basic materials company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $428.71 million during the quarter, compared to analysts’ expectations of $413.21 million. Clearwater Paper had a negative net margin of 8.34% and a positive return on equity of 7.55%. As a group, research analysts predict that Clearwater Paper Corp will post 0.42 EPS for the current year.

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Clearwater Paper Profile

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

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