Todays Report: The 300 Shares of Clearwater Paper Corp. (CLW) are sold by Strs Ohio

The 300 Shares of Clearwater Paper Corp. (CLW) are sold by Strs Ohio

Strs Ohio reduced its position in Clearwater Paper Corp. (NYSE:CLW) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 14,100 shares of the company’s stock after selling 300 shares during the period. Strs Ohio owned approximately 0.08% of Clearwater Paper Corp. worth $911,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in shares of Clearwater Paper Corp. by 65.8% in the first quarter. Aperio Group LLC now owns 11,522 shares of the company’s stock worth $559,000 after buying an additional 4,574 shares during the period. Prudential Financial Inc. boosted its position in shares of Clearwater Paper Corp. by 53.5% in the first quarter. Prudential Financial Inc. now owns 93,868 shares of the company’s stock worth $4,553,000 after buying an additional 32,710 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Clearwater Paper Corp. by 62.7% in the first quarter. JPMorgan Chase & Co. now owns 66,624 shares of the company’s stock worth $3,232,000 after buying an additional 25,679 shares during the period. UBS Group AG boosted its position in shares of Clearwater Paper Corp. by 32.6% in the first quarter. UBS Group AG now owns 38,625 shares of the company’s stock worth $1,874,000 after buying an additional 9,506 shares during the period. Finally, Magnetar Financial LLC bought a new position in shares of Clearwater Paper Corp. during the first quarter worth approximately $444,000. Institutional investors own 86.39% of the company’s stock.

Shares of Clearwater Paper Corp. (NYSE:CLW) opened at 53.86 on Friday. Clearwater Paper Corp. has a 12 month low of $32.00 and a 12 month high of $69.75. The firm’s 50-day moving average price is $62.16 and its 200-day moving average price is $61.59. The firm has a market cap of $907.22 million, a PE ratio of 18.01 and a beta of 0.68.

Clearwater Paper Corp. (NYSE:CLW) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.07. Clearwater Paper Corp. had a return on equity of 11.76% and a net margin of 2.97%. The firm had revenue of $435.30 million for the quarter, compared to analyst estimates of $432.47 million. During the same quarter last year, the company earned $1.28 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that Clearwater Paper Corp. will post $3.57 earnings per share for the current year.

A number of equities analysts have commented on the company. Zacks Investment Research cut Clearwater Paper Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $60.00 price target (up from $56.00) on shares of Clearwater Paper Corp. in a research note on Sunday, July 24th. Vertical Group cut Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Royal Bank Of Canada lifted their price target on Clearwater Paper Corp. from $56.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. Finally, Vertical Research cut Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Clearwater Paper Corp. presently has an average rating of “Hold” and a consensus price target of $68.17.

In other Clearwater Paper Corp. news, insider Michael S. Gadd sold 5,129 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $54.82, for a total transaction of $281,171.78. Following the transaction, the insider now directly owns 22,513 shares in the company, valued at $1,234,162.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Hertz sold 4,725 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $62.52, for a total value of $295,407.00. Following the transaction, the insider now owns 30,972 shares in the company, valued at $1,936,369.44. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About Clearwater Paper Corp.

Clearwater Paper Corporation manufactures quality consumer tissue, away-from-home (AFH), tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company is a supplier of private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores.

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