UBS Group AG Sells 62,865 Shares of Clearwater Paper Corporation $CLW

by · The Cerbat Gem

UBS Group AG reduced its stake in shares of Clearwater Paper Corporation (NYSE:CLW – Free Report) by 24.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 195,321 shares of the basic materials company’s stock after selling 62,865 shares during the period. UBS Group AG’s holdings in Clearwater Paper were worth $3,399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Readystate Asset Management LP boosted its stake in shares of Clearwater Paper by 19.2% in the 3rd quarter. Readystate Asset Management LP now owns 762,138 shares of the basic materials company’s stock worth $15,822,000 after buying an additional 122,688 shares during the last quarter. Towle & Co. boosted its stake in shares of Clearwater Paper by 12.4% in the 3rd quarter. Towle & Co. now owns 366,798 shares of the basic materials company’s stock worth $7,615,000 after buying an additional 40,575 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Clearwater Paper by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 303,177 shares of the basic materials company’s stock worth $8,259,000 after buying an additional 20,184 shares during the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of Clearwater Paper by 39.4% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 232,253 shares of the basic materials company’s stock worth $4,822,000 after buying an additional 65,644 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Clearwater Paper by 9.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 207,058 shares of the basic materials company’s stock worth $4,299,000 after buying an additional 17,500 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Price Performance

Clearwater Paper stock opened at $14.06 on Monday. Clearwater Paper Corporation has a 12 month low of $11.73 and a 12 month high of $30.96. The company has a current ratio of 2.61, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. The business’s 50 day simple moving average is $14.11 and its 200 day simple moving average is $16.31. The company has a market cap of $226.66 million, a price-to-earnings ratio of -9.13 and a beta of 0.21.

Clearwater Paper (NYSE:CLW – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($1.29) EPS for the quarter, beating the consensus estimate of ($1.32) by $0.03. Clearwater Paper had a negative return on equity of 3.94% and a negative net margin of 1.63%.The business had revenue of $360.30 million for the quarter, compared to the consensus estimate of $363.55 million.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CLW. TD Securities downgraded Clearwater Paper from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. TD downgraded Clearwater Paper from a “buy” rating to a “hold” rating and cut their target price for the stock from $19.00 to $17.00 in a research note on Wednesday, April 29th. Weiss Ratings restated a “sell (d)” rating on shares of Clearwater Paper in a research note on Friday, May 8th. Wall Street Zen downgraded Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Royal Bank Of Canada cut their target price on Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.00.

Check Out Our Latest Stock Report on Clearwater Paper

About Clearwater Paper

(Free Report)

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.

See Also

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