California State Teachers Retirement System Sells 4,700 Shares of Clearwater Paper Corporation (CLW)

California State Teachers Retirement System cut its holdings in shares of Clearwater Paper Corporation (NYSE:CLW) by 14.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,668 shares of the basic materials company’s stock after selling 4,700 shares during the quarter. California State Teachers Retirement System owned 0.17% of Clearwater Paper Corporation worth $1,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of Clearwater Paper Corporation by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 7,372 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 68 shares during the period. Texas Permanent School Fund increased its holdings in shares of Clearwater Paper Corporation by 0.6% during the second quarter. Texas Permanent School Fund now owns 11,996 shares of the basic materials company’s stock worth $561,000 after purchasing an additional 76 shares during the period. Stevens Capital Management LP increased its holdings in shares of Clearwater Paper Corporation by 2.4% during the second quarter. Stevens Capital Management LP now owns 8,575 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 205 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Clearwater Paper Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 380 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Clearwater Paper Corporation by 1.7% during the first quarter. Alliancebernstein L.P. now owns 24,526 shares of the basic materials company’s stock worth $1,373,000 after purchasing an additional 400 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Clearwater Paper Corporation (NYSE:CLW) opened at $46.40 on Wednesday. The stock has a market cap of $748.54, a P/E ratio of 21.59, a P/E/G ratio of 4.10 and a beta of 1.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.11 and a quick ratio of 0.43. Clearwater Paper Corporation has a one year low of $42.20 and a one year high of $68.40.

Clearwater Paper Corporation (NYSE:CLW) last announced its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. The business had revenue of $426.50 million for the quarter, compared to analysts’ expectations of $426.87 million. Clearwater Paper Corporation had a net margin of 1.50% and a return on equity of 7.38%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. equities analysts anticipate that Clearwater Paper Corporation will post 2.22 EPS for the current fiscal year.

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Several research analysts have recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Zacks Investment Research cut shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper Corporation in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Clearwater Paper Corporation has an average rating of “Hold” and an average price target of $60.00.

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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