Marquette Asset Management LLC Acquires New Position in Clearwater Paper Corporation $CLW

Marquette Asset Management LLC bought a new position in shares of Clearwater Paper Corporation (NYSE:CLW) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 39,001 shares of the basic materials company’s stock, valued at approximately $612,000. Marquette Asset Management LLC owned 0.24% of Clearwater Paper as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Meeder Asset Management Inc. bought a new stake in shares of Clearwater Paper in the fourth quarter valued at approximately $47,000. Group One Trading LLC boosted its holdings in Clearwater Paper by 184.4% in the 1st quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock worth $51,000 after buying an additional 2,316 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Clearwater Paper by 34.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock worth $60,000 after buying an additional 563 shares during the period. Versant Capital Management Inc grew its stake 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 valued at $73,000 after buying an additional 965 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake 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 valued at $179,000 after buying an additional 5,656 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Price Performance

Shares of NYSE CLW opened at $22.72 on Tuesday. The firm has a market capitalization of $366.47 million, a P/E ratio of -7.47 and a beta of 0.24. 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 stock’s 50-day simple moving average is $17.35 and its two-hundred day simple moving average is $15.87. Clearwater Paper Corporation has a twelve month low of $11.73 and a twelve month high of $23.59.

Clearwater Paper (NYSE:CLW) last issued 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). Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%. The business had revenue of $374.80 million for the quarter, compared to the consensus estimate of $374.80 million. As a group, equities analysts anticipate that Clearwater Paper Corporation will post -2.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 target price on shares of Clearwater Paper in a research report on Wednesday, July 29th. Zacks Research upgraded Clearwater Paper to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th. TD Securities reissued a “hold” rating and set a $20.00 price objective on shares of Clearwater Paper in a report on Wednesday, July 29th. Finally, Truist Financial raised their target price on Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.