Jefferies Financial Group Inc. Buys New Holdings in Clearwater Paper Corporation $CLW

Jefferies Financial Group Inc. purchased a new stake in Clearwater Paper Corporation (NYSE:CLW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,685 shares of the basic materials company’s stock, valued at approximately $1,014,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Clearwater Paper by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 390 shares during the period. Caxton Associates LLP acquired a new position in Clearwater Paper in the 1st quarter worth about $204,000. Empowered Funds LLC boosted its position in Clearwater Paper by 3.0% during the first quarter. Empowered Funds LLC now owns 115,315 shares of the basic materials company’s stock worth $2,926,000 after purchasing an additional 3,368 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Clearwater Paper by 93.3% during the second quarter. Russell Investments Group Ltd. now owns 45,171 shares of the basic materials company’s stock worth $1,230,000 after purchasing an additional 21,803 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Clearwater Paper in the second quarter valued at approximately $304,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Clearwater Paper Trading Down 0.3%

Shares of CLW opened at $20.76 on Monday. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45. Clearwater Paper Corporation has a 12-month low of $11.73 and a 12-month high of $23.59. The firm has a 50-day moving average price of $18.70 and a 200 day moving average price of $16.25. The firm has a market capitalization of $334.86 million, a P/E ratio of -6.83 and a beta of 0.24.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Tuesday, July 28th. The basic materials company reported ($1.75) EPS 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. Sell-side analysts forecast that Clearwater Paper Corporation will post -2.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Clearwater Paper in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Clearwater Paper to a “hold” rating in a research report on Monday, July 6th. Bank of America assumed coverage on shares of Clearwater Paper in a research report on Thursday, July 2nd. They issued a “buy” rating and a $19.00 target price on the stock. Wall Street Zen cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th. Finally, Truist Financial upped their price target on shares of Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.