Clearwater Paper Corporation (CLW) Position Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its stake in Clearwater Paper Corporation (NYSE:CLW) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,836 shares of the basic materials company’s stock after selling 500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Clearwater Paper Corporation were worth $327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its position in Clearwater Paper Corporation by 23.7% in the first quarter. UBS Asset Management Americas Inc. now owns 7,299 shares of the basic materials company’s stock valued at $409,000 after buying an additional 1,400 shares in the last quarter. Comerica Bank raised its position in Clearwater Paper Corporation by 6.5% in the first quarter. Comerica Bank now owns 50,020 shares of the basic materials company’s stock valued at $2,481,000 after buying an additional 3,040 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Clearwater Paper Corporation by 5.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,473 shares of the basic materials company’s stock valued at $250,000 after buying an additional 220 shares in the last quarter. US Bancorp DE raised its position in Clearwater Paper Corporation by 1.0% in the first quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock valued at $208,000 after buying an additional 35 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Clearwater Paper Corporation by 19.3% in the first quarter. First Trust Advisors LP now owns 31,344 shares of the basic materials company’s stock valued at $1,755,000 after buying an additional 5,080 shares in the last quarter. Institutional investors and hedge funds own 85.09% of the company’s stock.

Shares of Clearwater Paper Corporation (NYSE:CLW) opened at 45.15 on Friday. Clearwater Paper Corporation has a 1-year low of $43.60 and a 1-year high of $68.40. The firm has a market capitalization of $741.95 million, a PE ratio of 29.11 and a beta of 1.07. The firm has a 50-day moving average price of $47.01 and a 200-day moving average price of $50.72.

Clearwater Paper Corporation (NYSE:CLW) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The company had revenue of $429.70 million during the quarter, compared to analysts’ expectations of $439.33 million. Clearwater Paper Corporation had a net margin of 1.49% and a return on equity of 7.74%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. On average, analysts forecast that Clearwater Paper Corporation will post $2.64 EPS for the current fiscal year.

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Several research analysts have recently commented on the company. Zacks Investment Research lowered Clearwater Paper Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 27th. Vertical Research upgraded Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research note on Monday, April 24th. Royal Bank Of Canada reduced their price objective on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Finally, BidaskClub cut Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Clearwater Paper Corporation presently has an average rating of “Hold” and an average price target of $60.50.

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

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.

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

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