Clearwater Paper Corporation $CLW Holdings Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Clearwater Paper Corporation (NYSE:CLW) by 74.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,202 shares of the basic materials company’s stock after acquiring an additional 36,022 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Clearwater Paper were worth $1,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of 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 purchasing an additional 563 shares during the last quarter. CWM LLC lifted its stake in Clearwater Paper by 2,215.1% during the second quarter. CWM LLC now owns 3,380 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 3,234 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Clearwater Paper by 608.8% during the second quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company’s stock worth $179,000 after buying an additional 5,656 shares in the last quarter. Caxton Associates LLP acquired a new position in Clearwater Paper in the first quarter worth approximately $204,000. Finally, Strs Ohio bought a new position in shares of Clearwater Paper in the first quarter valued at $244,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Securities set a $30.00 price objective on Clearwater Paper and gave the stock a “buy” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Clearwater Paper in a research report on Monday, December 15th. Cowen started coverage on Clearwater Paper in a research note on Monday, September 22nd. They issued a “buy” rating on the stock. TD Cowen started coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating and a $30.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Insider Activity

In other Clearwater Paper news, VP Steve M. Bowden sold 8,889 shares of Clearwater Paper stock in a transaction on Friday, November 28th. The shares were sold at an average price of $18.14, for a total transaction of $161,246.46. Following the completion of the sale, the vice president owned 68,516 shares of the company’s stock, valued at $1,242,880.24. This trade represents a 11.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.55% of the stock is owned by company insiders.

Clearwater Paper Price Performance

Shares of CLW opened at $17.93 on Wednesday. The company has a market capitalization of $287.60 million, a price-to-earnings ratio of 2.13 and a beta of 0.21. Clearwater Paper Corporation has a fifty-two week low of $16.44 and a fifty-two week high of $33.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.10 and a quick ratio of 0.88. The business’s 50-day moving average is $18.25 and its 200-day moving average is $22.18.

Clearwater Paper (NYSE:CLW) last posted its quarterly 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 3.65% and a net margin of 9.14%.The company had revenue of ($358.30) million for the quarter.

Clearwater Paper Company Profile

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.