Clearwater Paper Co. (NYSE:CLW) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its holdings in Clearwater Paper Co. (NYSE:CLW) by 8.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,928 shares of the basic materials company’s stock after acquiring an additional 6,560 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.49% of Clearwater Paper worth $3,539,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CLW. American Century Companies Inc. raised its holdings in Clearwater Paper by 8.9% in the 3rd quarter. American Century Companies Inc. now owns 284,146 shares of the basic materials company’s stock valued at $10,300,000 after acquiring an additional 23,231 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Clearwater Paper by 2.5% in the 4th quarter. New York State Teachers Retirement System now owns 36,120 shares of the basic materials company’s stock valued at $1,305,000 after acquiring an additional 897 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Clearwater Paper by 1,464.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,394 shares of the basic materials company’s stock valued at $448,000 after acquiring an additional 11,602 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Clearwater Paper in the 4th quarter valued at about $300,000. Finally, Strs Ohio raised its holdings in Clearwater Paper by 3.0% in the 4th quarter. Strs Ohio now owns 17,000 shares of the basic materials company’s stock valued at $614,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada increased their price objective on shares of Clearwater Paper from $41.00 to $42.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th.

Clearwater Paper Trading Up 13.1 %

Shares of NYSE CLW traded up $6.43 during midday trading on Monday, reaching $55.35. 370,527 shares of the stock were exchanged, compared to its average volume of 171,148. The company has a 50 day simple moving average of $50.01 and a 200 day simple moving average of $42.84. The stock has a market capitalization of $923.24 million, a P/E ratio of 9.26 and a beta of 0.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.82 and a current ratio of 1.91. Clearwater Paper Co. has a twelve month low of $31.38 and a twelve month high of $55.51.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Monday, April 29th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.32. The business had revenue of $496.20 million during the quarter. Clearwater Paper had a net margin of 4.92% and a return on equity of 17.35%. During the same quarter in the prior year, the business earned $1.47 EPS.

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.