Invenomic Capital Management LP Purchases 169,880 Shares of Clearwater Paper Corporation $CLW

Invenomic Capital Management LP increased its position in Clearwater Paper Corporation (NYSE:CLW) by 113.0% during the 4th quarter, Holdings Channel reports. The firm owned 320,212 shares of the basic materials company’s stock after acquiring an additional 169,880 shares during the quarter. Invenomic Capital Management LP’s holdings in Clearwater Paper were worth $5,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CLW. UBS Group AG grew its stake in Clearwater Paper by 228.3% in the third quarter. UBS Group AG now owns 258,186 shares of the basic materials company’s stock worth $5,360,000 after purchasing an additional 179,539 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Clearwater Paper by 33.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,953 shares of the basic materials company’s stock valued at $9,708,000 after acquiring an additional 139,013 shares in the last quarter. Readystate Asset Management LP boosted its position in Clearwater Paper by 19.2% during the 3rd quarter. Readystate Asset Management LP now owns 762,138 shares of the basic materials company’s stock valued at $15,822,000 after acquiring an additional 122,688 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Clearwater Paper during the 4th quarter valued at $1,989,000. Finally, Peapod Lane Capital LLC boosted its position in Clearwater Paper by 177.8% during the 3rd quarter. Peapod Lane Capital LLC now owns 165,388 shares of the basic materials company’s stock valued at $3,433,000 after acquiring an additional 105,850 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CLW shares. TD cut Clearwater Paper from a “buy” rating to a “hold” rating and dropped their target price for the company from $19.00 to $17.00 in a research report on Wednesday, April 29th. TD Cowen cut Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research report on Wednesday, April 29th. Wall Street Zen cut Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clearwater Paper in a research report on Friday, May 8th. Finally, Royal Bank Of Canada dropped their target price on Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Clearwater Paper has a consensus rating of “Hold” and a consensus price target of $17.00.

Clearwater Paper Stock Performance

Shares of CLW opened at $16.75 on Thursday. The firm has a market cap of $270.09 million, a PE ratio of -10.88 and a beta of 0.27. 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 stock has a fifty day moving average price of $14.96 and a 200-day moving average price of $16.10. Clearwater Paper Corporation has a 12 month low of $11.73 and a 12 month high of $30.96.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Tuesday, April 28th. The basic materials company reported ($1.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.03. The company 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%.

Clearwater Paper 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.