Employees Retirement System of Texas Boosts Position in Clearwater Paper Corporation (CLW)

Employees Retirement System of Texas increased its position in shares of Clearwater Paper Corporation (NYSE:CLW) by 38.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,000 shares of the basic materials company’s stock after buying an additional 12,000 shares during the quarter. Employees Retirement System of Texas owned 0.26% of Clearwater Paper Corporation worth $2,010,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. US Bancorp DE grew its holdings in shares of Clearwater Paper Corporation by 1.0% during the first quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock worth $208,000 after buying an additional 35 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Clearwater Paper Corporation by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 7,372 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 68 shares in the last quarter. Texas Permanent School Fund grew its stake in Clearwater Paper Corporation by 0.6% in the second quarter. Texas Permanent School Fund now owns 11,996 shares of the basic materials company’s stock valued at $561,000 after purchasing an additional 76 shares in the last quarter. Mason Street Advisors LLC grew its stake in Clearwater Paper Corporation by 5.4% in the first quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 196 shares in the last quarter. Finally, Stevens Capital Management LP grew its stake in Clearwater Paper Corporation by 2.4% in the second quarter. Stevens Capital Management LP now owns 8,575 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.

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A number of research analysts have weighed in on CLW shares. BidaskClub downgraded Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Royal Bank Of Canada decreased their price target on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $64.00.

Clearwater Paper Corporation (CLW) opened at 44.55 on Thursday. The company has a market capitalization of $732.09 million, a P/E ratio of 28.72 and a beta of 1.05. The firm has a 50-day moving average price of $46.60 and a 200-day moving average price of $47.79. Clearwater Paper Corporation has a 1-year low of $43.60 and a 1-year high of $68.40.

Clearwater Paper Corporation (NYSE:CLW) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.46 by $0.08. The firm had revenue of $429.70 million during the quarter, compared to the consensus estimate of $439.33 million. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. On average, analysts forecast that Clearwater Paper Corporation will post $2.37 EPS for the current fiscal year.

In other news, insider Michael S. Gadd sold 1,546 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $50.04, for a total value of $77,361.84. Following the completion of the sale, the insider now directly owns 17,464 shares of the company’s stock, valued at $873,898.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael S. Gadd sold 877 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $50.01, for a total value of $43,858.77. Following the completion of the sale, the insider now directly owns 19,010 shares of the company’s stock, valued at $950,690.10. The disclosure for this sale can be found here. Corporate insiders own 2.41% of the company’s stock.

Clearwater Paper Corporation Company Profile

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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Institutional Ownership by Quarter for Clearwater Paper Corporation (NYSE:CLW)

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