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

UBS Group AG trimmed its position in Clearwater Paper Corporation (NYSE:CLW) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,321 shares of the basic materials company’s stock after selling 62,865 shares during the period. UBS Group AG owned approximately 1.22% of Clearwater Paper worth $3,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Clearwater Paper by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock valued at $244,000 after buying an additional 390 shares in the last quarter. Caxton Associates LLP bought a new stake in Clearwater Paper in the 1st quarter valued at about $204,000. Empowered Funds LLC increased its position in Clearwater Paper by 3.0% in the 1st quarter. Empowered Funds LLC now owns 115,315 shares of the basic materials company’s stock valued at $2,926,000 after buying an additional 3,368 shares in the last quarter. Russell Investments Group Ltd. increased its position in Clearwater Paper by 93.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 45,171 shares of the basic materials company’s stock valued at $1,230,000 after buying an additional 21,803 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Clearwater Paper in the 2nd quarter valued at about $304,000. 89.98% of the stock is owned by institutional investors.

Clearwater Paper Stock Performance

Shares of CLW opened at $14.06 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 2.61. The stock has a 50 day moving average price of $14.11 and a two-hundred day moving average price of $16.31. The firm has a market capitalization of $226.66 million, a P/E ratio of -9.13 and a beta of 0.21. Clearwater Paper Corporation has a 52 week low of $11.73 and a 52 week high of $30.96.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($1.29) EPS for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.03. The firm had revenue of $360.30 million during the quarter, compared to analyst estimates of $363.55 million. Clearwater Paper had a negative return on equity of 3.94% and a negative net margin of 1.63%.

Analyst Ratings Changes

A number of brokerages recently commented on CLW. TD Cowen lowered Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research report on Wednesday, April 29th. Royal Bank Of Canada decreased their target price on Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Truist Financial reaffirmed a “hold” rating and issued a $12.00 target price (down from $15.00) on shares of Clearwater Paper in a research report on Wednesday, April 29th. Wall Street Zen lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clearwater Paper in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.00.

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.