AlphaQuest LLC Acquires 22,213 Shares of Clearwater Paper Corporation $CLW

AlphaQuest LLC boosted its holdings in Clearwater Paper Corporation (NYSE:CLW) by 4,046.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,762 shares of the basic materials company’s stock after acquiring an additional 22,213 shares during the quarter. AlphaQuest LLC owned 0.14% of Clearwater Paper worth $620,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CLW. Elite Financial Inc. bought a new position in shares of Clearwater Paper during the 1st quarter worth approximately $74,000. CWM LLC grew its stake in Clearwater Paper by 2,215.1% in the 2nd quarter. CWM LLC now owns 3,380 shares of the basic materials company’s stock valued at $92,000 after buying an additional 3,234 shares in the last quarter. Summit Securities Group LLC bought a new position in Clearwater Paper in the 1st quarter valued at $98,000. Caxton Associates LLP bought a new position in Clearwater Paper in the 1st quarter valued at $204,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Clearwater Paper during the 1st quarter worth $239,000. Institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CLW shares. TD Securities set a $30.00 price objective on shares of Clearwater Paper and gave the stock a “buy” rating in a report on Monday, September 22nd. TD Cowen initiated coverage on shares of Clearwater Paper in a research report on Monday, September 22nd. They set a “buy” rating and a $30.00 price target on the stock. Royal Bank Of Canada reduced their price target on shares of Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Paper in a report on Wednesday, October 8th. Finally, Cowen initiated coverage on shares of Clearwater Paper in a research report on Monday, September 22nd. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Clearwater Paper Price Performance

Clearwater Paper stock opened at $19.38 on Tuesday. The firm has a 50-day moving average price of $20.76 and a 200-day moving average price of $24.82. The firm has a market capitalization of $311.95 million, a PE ratio of 1.61 and a beta of 0.17. The company has a current ratio of 1.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39. Clearwater Paper Corporation has a 12-month low of $18.70 and a 12-month high of $33.56.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Thursday, March 7th. The basic materials company reported ($0.30) EPS for the quarter. Clearwater Paper had a negative return on equity of 4.11% and a net margin of 12.98%.The company had revenue of ($358.30) million for the quarter.

About Clearwater Paper

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.