11,426 Shares in Clearwater Paper Corporation $CLW Bought by Corton Capital Inc.

Corton Capital Inc. acquired a new stake in Clearwater Paper Corporation (NYSE:CLW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,426 shares of the basic materials company’s stock, valued at approximately $311,000. Corton Capital Inc. owned about 0.07% of Clearwater Paper at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Clearwater Paper by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company’s stock valued at $28,982,000 after buying an additional 20,936 shares during the last quarter. Nuveen LLC purchased a new position in Clearwater Paper in the 1st quarter valued at about $15,314,000. Readystate Asset Management LP boosted its position in Clearwater Paper by 56.7% in the 1st quarter. Readystate Asset Management LP now owns 580,856 shares of the basic materials company’s stock valued at $14,736,000 after buying an additional 210,141 shares during the last quarter. Anchor Capital Management Company LLC boosted its position in Clearwater Paper by 62.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 248,053 shares of the basic materials company’s stock valued at $6,293,000 after buying an additional 95,000 shares during the last quarter. Finally, CenterBook Partners LP purchased a new position in Clearwater Paper in the 1st quarter valued at about $6,029,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Price Performance

Shares of NYSE:CLW opened at $17.58 on Monday. The firm’s 50 day moving average is $20.47 and its two-hundred day moving average is $24.64. Clearwater Paper Corporation has a 52 week low of $16.53 and a 52 week high of $33.56. The firm has a market capitalization of $282.03 million, a P/E ratio of 2.09 and a beta of 0.16. The company has a current ratio of 2.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Thursday, March 7th. The basic materials company reported ($0.30) EPS for the quarter. Clearwater Paper had a net margin of 9.14% and a negative return on equity of 3.65%. The firm had revenue of ($358.30) million during the quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada cut their target price on shares of Clearwater Paper from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Paper in a research note on Wednesday, October 8th. TD Cowen began 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 on the stock. Finally, Cowen began coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Clearwater Paper Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.