Bokf Na Invests $314,000 in Clearwater Paper Co. (NYSE:CLW)

Bokf Na purchased a new position in shares of Clearwater Paper Co. (NYSE:CLW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,482 shares of the basic materials company’s stock, valued at approximately $314,000.

Other large investors have also modified their holdings of the company. Grizzlyrock Capital LLC acquired a new stake in Clearwater Paper during the fourth quarter valued at approximately $4,585,000. Acadian Asset Management LLC lifted its stake in Clearwater Paper by 14.2% during the first quarter. Acadian Asset Management LLC now owns 157,139 shares of the basic materials company’s stock worth $6,867,000 after purchasing an additional 19,590 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Clearwater Paper by 64.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,252 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 11,482 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Clearwater Paper during the fourth quarter valued at $535,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Clearwater Paper by 780.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 109,134 shares of the basic materials company’s stock worth $4,772,000 after purchasing an additional 96,740 shares during the period. Institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Clearwater Paper from $42.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Clearwater Paper from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Clearwater Paper Price Performance

Shares of CLW opened at $29.80 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.73 and a quick ratio of 0.74. The company has a market cap of $495.57 million, a P/E ratio of 4.98 and a beta of 0.33. Clearwater Paper Co. has a 12 month low of $27.69 and a 12 month high of $57.13. The stock has a fifty day moving average price of $40.42 and a 200 day moving average price of $43.82.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share for the quarter. The firm 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%.

Clearwater Paper Company 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.