Point72 Asia Singapore Pte. Ltd. Has $32,000 Holdings in Clearwater Paper Co. (NYSE:CLW)

Point72 Asia Singapore Pte. Ltd. lessened its position in Clearwater Paper Co. (NYSE:CLW) by 43.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 666 shares of the basic materials company’s stock after selling 516 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Clearwater Paper were worth $32,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Clearwater Paper in the second quarter valued at approximately $52,000. GAMMA Investing LLC lifted its holdings in shares of Clearwater Paper by 30.3% in the second quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Clearwater Paper in the first quarter valued at approximately $132,000. DekaBank Deutsche Girozentrale bought a new position in shares of Clearwater Paper in the second quarter valued at approximately $153,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Clearwater Paper in the first quarter valued at approximately $211,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

Shares of Clearwater Paper stock opened at $27.91 on Wednesday. The business’s fifty day simple moving average is $35.75 and its 200 day simple moving average is $42.92. The firm has a market capitalization of $465.48 million, a P/E ratio of 4.67 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 company has a current ratio of 1.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CLW shares. 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 target price on Clearwater Paper from $42.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th.

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.