Quest Partners LLC Grows Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Quest Partners LLC increased its stake in Clearwater Paper Co. (NYSE:CLW) by 713.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,201 shares of the basic materials company’s stock after purchasing an additional 8,070 shares during the quarter. Quest Partners LLC’s holdings in Clearwater Paper were worth $446,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. LSV Asset Management boosted its stake in shares of Clearwater Paper by 22.9% in the 2nd quarter. LSV Asset Management now owns 39,700 shares of the basic materials company’s stock worth $1,924,000 after buying an additional 7,400 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Clearwater Paper by 39.1% during the 2nd quarter. Acadian Asset Management LLC now owns 218,505 shares of the basic materials company’s stock valued at $10,586,000 after buying an additional 61,366 shares in the last quarter. Arizona State Retirement System bought a new position in shares of Clearwater Paper during the 2nd quarter valued at approximately $225,000. Privium Fund Management UK Ltd purchased a new stake in Clearwater Paper in the 2nd quarter worth approximately $593,000. Finally, Ritholtz Wealth Management bought a new stake in Clearwater Paper during the 2nd quarter worth approximately $330,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Price Performance

Shares of NYSE:CLW opened at $28.82 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 1.73. The firm has a market cap of $480.66 million, a price-to-earnings ratio of 4.82 and a beta of 0.34. The firm has a fifty day moving average price of $40.75 and a 200 day moving average price of $43.82. Clearwater Paper Co. has a fifty-two week low of $27.69 and a fifty-two week high of $57.13.

Clearwater Paper (NYSE:CLW) last posted its earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share for the quarter. The business had revenue of $586.40 million during the quarter. Clearwater Paper had a net margin of 2.16% and a return on equity of 11.56%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CLW. Royal Bank of Canada upped their target price on shares of Clearwater Paper from $42.00 to $48.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. StockNews.com lowered Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

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.