Virginia Retirement Systems ET AL purchased a new stake in shares of Clearwater Paper Corp. (NYSE:CLW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,784 shares of the company’s stock, valued at approximately $1,293,000. Virginia Retirement Systems ET AL owned approximately 0.12% of Clearwater Paper Corp. at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Clearwater Paper Corp. during the fourth quarter valued at about $8,247,000. Magnetar Financial LLC bought a new stake in shares of Clearwater Paper Corp. during the first quarter valued at about $444,000. First Quadrant L P CA bought a new stake in shares of Clearwater Paper Corp. during the second quarter valued at about $896,000. UBS Group AG boosted its stake 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 valued at $1,874,000 after buying an additional 9,506 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Clearwater Paper Corp. by 94.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,933 shares of the company’s stock valued at $388,000 after buying an additional 2,881 shares during the period. Institutional investors and hedge funds own 86.42% of the company’s stock.
Clearwater Paper Corp. (NYSE:CLW) opened at 64.13 on Thursday. Clearwater Paper Corp. has a one year low of $32.00 and a one year high of $69.75. The firm has a market capitalization of $1.09 billion, a P/E ratio of 15.47 and a beta of 0.73. The stock’s 50 day moving average is $61.87 and its 200 day moving average is $59.53.
Clearwater Paper Corp. (NYSE:CLW) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.22. Clearwater Paper Corp. had a net margin of 4.23% and a return on equity of 16.79%. The company earned $436.70 million during the quarter, compared to analyst estimates of $437.09 million. On average, equities research analysts predict that Clearwater Paper Corp. will post $3.78 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on CLW shares. Zacks Investment Research cut Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Sidoti assumed coverage on Clearwater Paper Corp. in a research note on Wednesday, June 22nd. They set a “buy” rating and a $80.00 target price for the company. Macquarie restated an “outperform” rating and set a $75.00 target price (up from $66.00) on shares of Clearwater Paper Corp. in a research note on Wednesday, June 8th. RBC Capital Markets restated a “sector perform” rating and set a $60.00 target price (up from $56.00) on shares of Clearwater Paper Corp. in a research note on Sunday, July 24th. Finally, Vertical Research cut Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $68.17.
In other news, insider John Hertz sold 4,725 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $62.52, for a total transaction of $295,407.00. Following the completion of the sale, the insider now owns 30,972 shares in the company, valued at approximately $1,936,369.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
Clearwater Paper Corp. Company Profile
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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