California Public Employees Retirement System increased its stake in Clearwater Paper Corp (NYSE:CLW) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,193 shares of the basic materials company’s stock after acquiring an additional 6,537 shares during the period. California Public Employees Retirement System owned about 0.68% of Clearwater Paper worth $5,048,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in Clearwater Paper by 17.2% in the second quarter. Public Employees Retirement System of Ohio now owns 2,861 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 420 shares during the last quarter. SG Americas Securities LLC bought a new stake in Clearwater Paper in the third quarter worth $182,000. Cambridge Investment Research Advisors Inc. bought a new stake in Clearwater Paper in the third quarter worth $204,000. Crossmark Global Holdings Inc. bought a new stake in Clearwater Paper in the third quarter worth $256,000. Finally, Teacher Retirement System of Texas bought a new stake in Clearwater Paper in the fourth quarter worth $256,000. Institutional investors own 87.64% of the company’s stock.
In other Clearwater Paper news, VP Michael S. Gadd sold 5,368 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.68, for a total value of $202,266.24. Following the sale, the vice president now owns 11,712 shares in the company, valued at $441,308.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.41% of the stock is currently owned by corporate insiders.
Shares of Clearwater Paper stock traded down $0.55 during midday trading on Monday, hitting $37.35. 17,310 shares of the company traded hands, compared to its average volume of 112,317. Clearwater Paper Corp has a one year low of $33.80 and a one year high of $58.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.45. The stock has a market capitalization of $623.38, a PE ratio of 17.55, a P/E/G ratio of 2.37 and a beta of 1.07.
Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Monday, February 5th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.01). Clearwater Paper had a net margin of 5.63% and a return on equity of 7.12%. The company had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $431.04 million. During the same quarter in the prior year, the firm earned $0.82 EPS. Clearwater Paper’s quarterly revenue was up 2.6% compared to the same quarter last year. equities analysts anticipate that Clearwater Paper Corp will post 3.2 EPS for the current year.
Several research firms have weighed in on CLW. Zacks Investment Research downgraded shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada lowered their price objective on shares of Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Clearwater Paper currently has an average rating of “Hold” and an average price target of $43.00.
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About Clearwater Paper
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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