Prudential Financial Inc. increased its holdings in shares of Clearwater Paper Corporation (NYSE:CLW) by 33.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,048 shares of the basic materials company’s stock after acquiring an additional 32,120 shares during the quarter. Prudential Financial Inc. owned about 0.77% of Clearwater Paper worth $6,257,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Riverhead Capital Management LLC increased its holdings in shares of Clearwater Paper by 80.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,164 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 964 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Clearwater Paper by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 380 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Clearwater Paper by 17.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,861 shares of the basic materials company’s stock worth $134,000 after acquiring an additional 420 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Clearwater Paper by 77.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,226 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 1,406 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Clearwater Paper during the 2nd quarter worth approximately $216,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Corporation (NYSE CLW) opened at $46.00 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 1.17. Clearwater Paper Corporation has a 1-year low of $42.20 and a 1-year high of $68.40. The company has a market capitalization of $755.92, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 4.14 and a beta of 1.02.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. Clearwater Paper had a return on equity of 7.38% and a net margin of 1.50%. The firm had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.87 million. During the same period in the prior year, the firm posted $0.14 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. equities research analysts predict that Clearwater Paper Corporation will post 2.22 earnings per share for the current year.

CLW has been the topic of a number of research reports. KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper in a report on Thursday, October 12th. Royal Bank Of Canada decreased their price objective on Clearwater Paper from $63.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, Zacks Investment Research lowered Clearwater Paper from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.00.

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Clearwater Paper 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.

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

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