39,001 Shares in Clearwater Paper Corporation $CLW Bought by Marquette Asset Management LLC

Marquette Asset Management LLC bought a new stake in Clearwater Paper Corporation (NYSE:CLW) during the second quarter, HoldingsChannel reports. The fund bought 39,001 shares of the basic materials company’s stock, valued at approximately $612,000.

A number of other large investors have also added to or reduced their stakes in CLW. Tower Research Capital LLC TRC lifted its stake in Clearwater Paper by 34.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock worth $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 during the 4th quarter valued at about $47,000. Group One Trading LLC raised its holdings in shares of 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 in the last quarter. Versant Capital Management Inc lifted its position in Clearwater Paper by 26.4% in the 2nd quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock worth $73,000 after buying an additional 965 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Clearwater Paper by 608.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company’s stock worth $179,000 after buying an additional 5,656 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Trading Down 2.5%

NYSE:CLW opened at $22.72 on Tuesday. The company has a fifty day moving average of $17.35 and a 200 day moving average of $15.87. Clearwater Paper Corporation has a 52 week low of $11.73 and a 52 week high of $23.59. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $366.47 million, a P/E ratio of -7.47 and a beta of 0.24.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.49) by ($0.26). The firm had revenue of $374.80 million during the quarter, compared to the consensus estimate of $374.80 million. Clearwater Paper had a negative return on equity of 7.95% and a negative net margin of 3.24%. On average, research analysts predict that Clearwater Paper Corporation will post -2.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Clearwater Paper in a research report on Wednesday, August 5th. TD lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $17.00 in a report on Wednesday, April 29th. Wall Street Zen cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th. TD Cowen lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Wednesday, April 29th. Finally, TD Securities reiterated a “hold” rating and issued a $20.00 target price on shares of Clearwater Paper in a research report on Wednesday, July 29th. 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’s stock. According to MarketBeat, Clearwater Paper has an average rating of “Hold” and an average price target of $18.50.

About Clearwater Paper

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.