BNP Paribas Arbitrage SA boosted its stake in shares of Clearwater Paper Corporation (NYSE:CLW) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,473 shares of the basic materials company’s stock after buying an additional 220 shares during the period. BNP Paribas Arbitrage SA’s holdings in Clearwater Paper Corporation were worth $250,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Clearwater Paper Corporation by 5.2% in the fourth quarter. State Street Corp now owns 408,412 shares of the basic materials company’s stock valued at $26,772,000 after buying an additional 20,275 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of Clearwater Paper Corporation by 2.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 282,200 shares of the basic materials company’s stock valued at $15,803,000 after buying an additional 6,388 shares in the last quarter. Comerica Bank raised its position in shares of Clearwater Paper Corporation by 94.8% in the fourth quarter. Comerica Bank now owns 46,980 shares of the basic materials company’s stock valued at $2,955,000 after buying an additional 22,869 shares in the last quarter. Allianz Asset Management AG raised its position in shares of Clearwater Paper Corporation by 203.1% in the fourth quarter. Allianz Asset Management AG now owns 19,398 shares of the basic materials company’s stock valued at $1,272,000 after buying an additional 12,998 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Clearwater Paper Corporation during the fourth quarter valued at approximately $12,031,000. 86.53% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Clearwater Paper Corporation (NYSE:CLW)

Clearwater Paper Corporation (NYSE:CLW) opened at 44.60 on Friday. The stock has a 50 day moving average price of $46.19 and a 200 day moving average price of $56.27. The stock has a market cap of $732.82 million, a price-to-earnings ratio of 19.48 and a beta of 1.09. Clearwater Paper Corporation has a 52-week low of $44.00 and a 52-week high of $69.75.

Clearwater Paper Corporation (NYSE:CLW) last issued its quarterly earnings data on Thursday, April 20th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by $0.20. The company had revenue of $437.53 million for the quarter, compared to analysts’ expectations of $433.26 million. Clearwater Paper Corporation had a return on equity of 10.34% and a net margin of 2.23%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. Analysts expect that Clearwater Paper Corporation will post $2.78 EPS for the current fiscal year.

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CLW has been the subject of several recent research reports. Vertical Research raised Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research report on Monday, April 24th. Vetr raised Clearwater Paper Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, February 22nd. Royal Bank Of Canada raised Clearwater Paper Corporation from an “underperform” rating to a “sector perform” rating and set a $60.00 price objective for the company in a research report on Monday, February 27th. Finally, Zacks Investment Research raised Clearwater Paper Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $68.20.

Clearwater Paper Corporation Company Profile

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

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