Jacobs Levy Equity Management Inc. Has $3.78 Million Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Jacobs Levy Equity Management Inc. lowered its stake in Clearwater Paper Co. (NYSE:CLW) by 42.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,532 shares of the basic materials company’s stock after selling 64,966 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.52% of Clearwater Paper worth $3,784,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strs Ohio raised its position in Clearwater Paper by 3.0% during the fourth quarter. Strs Ohio now owns 17,000 shares of the basic materials company’s stock worth $614,000 after acquiring an additional 500 shares in the last quarter. GAMMA Investing LLC bought a new position in Clearwater Paper during the fourth quarter worth about $29,000. New York State Teachers Retirement System increased its position in Clearwater Paper by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 36,120 shares of the basic materials company’s stock worth $1,305,000 after buying an additional 897 shares during the last quarter. SG Americas Securities LLC acquired a new position in Clearwater Paper during the first quarter worth approximately $132,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Clearwater Paper by 14.1% in the fourth quarter. Teacher Retirement System of Texas now owns 29,477 shares of the basic materials company’s stock valued at $1,065,000 after buying an additional 3,648 shares during the last quarter. Institutional investors 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 research report on Tuesday, April 30th.

Clearwater Paper Price Performance

NYSE:CLW traded down $0.12 during trading hours on Wednesday, reaching $55.40. 37,982 shares of the company were exchanged, compared to its average volume of 170,277. The company has a market capitalization of $924.07 million, a P/E ratio of 9.28 and a beta of 0.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.91 and a quick ratio of 0.82. The business has a 50 day moving average of $50.57 and a 200 day moving average of $43.69. Clearwater Paper Co. has a 1-year low of $31.38 and a 1-year high of $57.13.

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