AQR Capital Management LLC Purchases 10,875 Shares of Clearwater Paper Co. (NYSE:CLW)

AQR Capital Management LLC lifted its position in shares of Clearwater Paper Co. (NYSE:CLW) by 10.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,002 shares of the basic materials company’s stock after purchasing an additional 10,875 shares during the quarter. AQR Capital Management LLC owned 0.67% of Clearwater Paper worth $5,380,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Grizzlyrock Capital LLC acquired a new position in Clearwater Paper during the fourth quarter worth $4,585,000. Acadian Asset Management LLC lifted its position in Clearwater Paper by 14.2% in the 1st quarter. Acadian Asset Management LLC now owns 157,139 shares of the basic materials company’s stock valued at $6,867,000 after acquiring an additional 19,590 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Clearwater Paper by 64.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,252 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 11,482 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Clearwater Paper by 780.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 109,134 shares of the basic materials company’s stock valued at $4,772,000 after purchasing an additional 96,740 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Clearwater Paper by 24.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 219,983 shares of the basic materials company’s stock worth $10,663,000 after purchasing an additional 42,935 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Clearwater Paper Stock Up 2.7 %

Clearwater Paper stock opened at $26.37 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 stock has a market cap of $439.80 million, a PE ratio of 4.41 and a beta of 0.32. Clearwater Paper Co. has a fifty-two week low of $25.65 and a fifty-two week high of $57.13. The firm’s 50-day simple moving average is $34.58 and its 200 day simple moving average is $42.68.

Clearwater Paper (NYSE:CLW) last announced 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 return on equity of 11.56% and a net margin of 2.16%.

About Clearwater Paper

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.