California Public Employees Retirement System lessened its holdings in Clearwater Paper Corporation (NYSE:CLW) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,456 shares of the basic materials company’s stock after selling 100 shares during the period. California Public Employees Retirement System owned 0.62% of Clearwater Paper Corporation worth $4,743,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in CLW. Riverhead Capital Management LLC lifted its stake in shares of Clearwater Paper Corporation by 80.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,164 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 964 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Clearwater Paper Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 380 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Clearwater Paper Corporation by 77.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,226 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 1,406 shares during the last quarter. Mason Street Advisors LLC lifted its position in Clearwater Paper Corporation by 5.4% during the 1st quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock worth $216,000 after acquiring an additional 196 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Clearwater Paper Corporation during the 2nd quarter worth $216,000. 84.45% of the stock is owned by institutional investors and hedge funds.
Clearwater Paper Corporation (NYSE:CLW) opened at 43.35 on Friday. Clearwater Paper Corporation has a 52-week low of $42.20 and a 52-week high of $68.40. The firm’s 50-day moving average is $46.38 and its 200-day moving average is $47.32. The firm has a market cap of $712.37 million, a price-to-earnings ratio of 27.95 and a beta of 1.05.
Clearwater Paper Corporation (NYSE:CLW) last issued its earnings results on Thursday, October 19th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.18. Clearwater Paper Corporation had a net margin of 1.49% and a return on equity of 7.74%. The firm had revenue of $426.50 million for the quarter, compared to analysts’ expectations of $426.87 million. During the same quarter last year, the business earned $0.14 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Analysts forecast that Clearwater Paper Corporation will post $2.19 EPS for the current fiscal year.
CLW has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada cut their target price on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, August 4th. BidaskClub lowered shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, KeyCorp reissued a “hold” rating on shares of Clearwater Paper Corporation in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Clearwater Paper Corporation presently has an average rating of “Hold” and a consensus target price of $64.00.
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In other news, insider Michael S. Gadd sold 1,546 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $50.04, for a total value of $77,361.84. Following the transaction, the insider now owns 17,464 shares in the company, valued at $873,898.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.41% of the stock is currently owned by company insiders.
About Clearwater Paper Corporation
Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.
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