Ieq Capital LLC Takes Position in Clearwater Paper Corporation $CLW

Ieq Capital LLC bought a new stake in shares of Clearwater Paper Corporation (NYSE:CLW) in the 2nd quarter, Holdings Channel.com reports. The firm bought 25,594 shares of the basic materials company’s stock, valued at approximately $401,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in Clearwater Paper by 34.7% in the second 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. Meeder Asset Management Inc. purchased a new position in shares of Clearwater Paper in the fourth quarter worth $47,000. Group One Trading LLC raised its holdings in Clearwater Paper by 184.4% during the 1st quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock valued at $51,000 after buying an additional 2,316 shares during the last quarter. Versant Capital Management Inc raised its holdings in Clearwater Paper by 26.4% during the 2nd quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock valued at $73,000 after buying an additional 965 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Clearwater Paper by 608.8% during 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. 89.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Bank of America began coverage on shares of Clearwater Paper in a research report on Thursday, July 2nd. They issued a “buy” rating and a $19.00 price objective on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Clearwater Paper in a report on Wednesday, August 5th. TD Securities restated a “hold” rating and set a $20.00 price target on shares of Clearwater Paper in a report on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 price target on shares of Clearwater Paper in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research 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 issued a Sell rating to the company. According to data from MarketBeat.com, Clearwater Paper presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Clearwater Paper Stock Performance

Shares of CLW opened at $20.76 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.29 and a quick ratio of 1.17. Clearwater Paper Corporation has a one year low of $11.73 and a one year high of $23.59. The company has a 50-day simple moving average of $18.70 and a two-hundred day simple moving average of $16.26. The firm has a market capitalization of $334.86 million, a PE ratio of -6.83 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 analysts’ consensus estimates of ($1.49) by ($0.26). Clearwater Paper had a negative return on equity of 7.95% and a negative net margin of 3.24%.The firm had revenue of $374.80 million for the quarter, compared to analysts’ expectations of $374.80 million. On average, analysts anticipate that Clearwater Paper Corporation will post -2.95 EPS for the current fiscal year.

Clearwater Paper Profile

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.