Jefferies Financial Group Inc. Acquires New Position in Clearwater Paper Corporation $CLW

Jefferies Financial Group Inc. acquired a new stake in shares of Clearwater Paper Corporation (NYSE:CLW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,685 shares of the basic materials company’s stock, valued at approximately $1,014,000. Jefferies Financial Group Inc. owned about 0.40% of Clearwater Paper as of its most recent SEC filing.

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

Analyst Ratings Changes

Several brokerages have recently commented on CLW. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Clearwater Paper in a research note on Wednesday, July 29th. Truist Financial lifted their price objective on Clearwater Paper from $12.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Clearwater Paper to a “hold” rating in a research note on Monday, July 6th. TD Securities reiterated a “hold” rating and set a $20.00 target price on shares of Clearwater Paper in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Clearwater Paper in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.50.

Clearwater Paper Stock Down 0.3%

NYSE CLW opened at $20.76 on Monday. Clearwater Paper Corporation has a 12 month low of $11.73 and a 12 month high of $23.59. The stock’s 50 day moving average is $18.70 and its 200 day moving average is $16.25. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $334.86 million, a PE ratio of -6.83 and a beta of 0.24.

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

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.