Wasatch Advisors LP Lowers Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Wasatch Advisors LP trimmed its holdings in shares of Clearwater Paper Co. (NYSE:CLW) by 87.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 34,869 shares of the basic materials company’s stock after selling 239,464 shares during the period. Wasatch Advisors LP owned approximately 0.21% of Clearwater Paper worth $1,525,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CLW. GAMMA Investing LLC purchased a new position in Clearwater Paper in the 4th quarter worth approximately $29,000. Algert Global LLC purchased a new position in Clearwater Paper in the 3rd quarter worth approximately $210,000. Diversified Trust Co purchased a new position in Clearwater Paper in the 1st quarter worth approximately $213,000. Quadrature Capital Ltd purchased a new position in Clearwater Paper in the 3rd quarter worth approximately $267,000. Finally, Quest Partners LLC purchased a new position in Clearwater Paper in the 4th quarter worth approximately $295,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Price Performance

Clearwater Paper stock traded up $0.35 during mid-day trading on Tuesday, hitting $46.74. The stock had a trading volume of 102,673 shares, compared to its average volume of 175,721. The firm has a market capitalization of $779.62 million, a P/E ratio of 7.82 and a beta of 0.40. Clearwater Paper Co. has a one year low of $30.56 and a one year high of $53.77. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $49.28 and its 200 day moving average is $41.72.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Monday, April 29th. The basic materials company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.11 by $0.32. The business had revenue of $496.20 million for the quarter. Clearwater Paper had a net margin of 4.92% and a return on equity of 17.35%. During the same quarter in the previous year, the firm earned $1.47 EPS.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their target price on shares of Clearwater Paper from $41.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th.

Clearwater Paper Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.