Texas Permanent School Fund reduced its stake in Clearwater Paper Corporation (NYSE:CLW) by 2.3% during the first quarter, Holdings Channel reports. The institutional investor owned 11,920 shares of the basic materials company’s stock after selling 278 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Clearwater Paper Corporation worth $668,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of CLW. Karp Capital Management Corp bought a new stake in Clearwater Paper Corporation during the first quarter valued at approximately $477,000. UBS Asset Management Americas Inc. boosted its stake 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 boosted its stake 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 boosted its stake 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. Finally, US Bancorp DE boosted its stake 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. 86.53% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Clearwater Paper Corporation (NYSE CLW) opened at 44.60 on Friday. The company has a market capitalization of $732.82 million, a price-to-earnings ratio of 19.48 and a beta of 1.09. The stock has a 50 day moving average of $46.19 and a 200-day moving average of $56.27. Clearwater Paper Corporation has a 52 week low of $44.00 and a 52 week high of $69.75.

Clearwater Paper Corporation (NYSE:CLW) last posted its quarterly earnings data on Thursday, April 20th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.20. Clearwater Paper Corporation had a net margin of 2.23% and a return on equity of 10.34%. The company had revenue of $437.53 million for the quarter, compared to analyst estimates of $433.26 million. During the same quarter last year, the company earned $1.09 EPS. The business’s revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Clearwater Paper Corporation will post $2.78 EPS for the current year.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Clearwater Paper Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 27th. Vertical Research raised shares of Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research report on Monday, April 24th. Royal Bank Of Canada raised shares of Clearwater Paper Corporation from an “underperform” rating to a “sector perform” rating and set a $60.00 target price for the company in a research report on Monday, February 27th. Finally, Vetr raised shares of Clearwater Paper Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $68.20.

Clearwater Paper Corporation Company Profile

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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