SG Americas Securities LLC Decreases Position in Clearwater Paper Co. (NYSE:CLW)

SG Americas Securities LLC trimmed its holdings in shares of Clearwater Paper Co. (NYSE:CLWGet Rating) by 18.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,128 shares of the basic materials company’s stock after selling 1,865 shares during the quarter. SG Americas Securities LLC’s holdings in Clearwater Paper were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CLW. Strs Ohio increased its holdings in shares of Clearwater Paper by 192.8% during the first quarter. Strs Ohio now owns 20,200 shares of the basic materials company’s stock valued at $566,000 after acquiring an additional 13,300 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Clearwater Paper in the first quarter worth $29,000. Victory Capital Management Inc. raised its holdings in shares of Clearwater Paper by 238.1% in the first quarter. Victory Capital Management Inc. now owns 59,692 shares of the basic materials company’s stock worth $1,779,000 after buying an additional 42,036 shares during the last quarter. KBC Group NV lifted its stake in shares of Clearwater Paper by 155.8% during the first quarter. KBC Group NV now owns 7,851 shares of the basic materials company’s stock worth $220,000 after buying an additional 4,782 shares during the period. Finally, Swiss National Bank increased its position in shares of Clearwater Paper by 7.9% in the 1st quarter. Swiss National Bank now owns 39,500 shares of the basic materials company’s stock valued at $1,107,000 after acquiring an additional 2,900 shares during the period. 87.82% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Trading Down 0.2 %

Shares of Clearwater Paper stock opened at $38.45 on Wednesday. The firm has a 50-day simple moving average of $40.08 and a two-hundred day simple moving average of $37.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.82 and a current ratio of 1.93. Clearwater Paper Co. has a fifty-two week low of $25.07 and a fifty-two week high of $46.48. The company has a market cap of $644.50 million, a P/E ratio of 10.68 and a beta of 0.94.

Clearwater Paper (NYSE:CLWGet Rating) last posted its quarterly earnings data on Monday, October 31st. The basic materials company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.43. Clearwater Paper had a return on equity of 15.16% and a net margin of 3.01%. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts predict that Clearwater Paper Co. will post 4.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CLW. TheStreet raised Clearwater Paper from a “c” rating to a “b” rating in a research report on Wednesday, August 3rd. BMO Capital Markets upped their target price on Clearwater Paper from $47.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, November 1st. StockNews.com lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Finally, Royal Bank of Canada downgraded Clearwater Paper from an “outperform” rating to a “sector perform” rating and set a $45.00 price target on the stock. in a research report on Tuesday, November 1st.

Insider Activity at Clearwater Paper

In other Clearwater Paper news, VP Michael S. Gadd sold 8,500 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $37.33, for a total transaction of $317,305.00. Following the completion of the transaction, the vice president now owns 61,366 shares of the company’s stock, valued at $2,290,792.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.77% of the stock is currently owned by corporate insiders.

Clearwater Paper Profile

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Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and carded packaging products, top sheet and commercial printing items, and softwood pulp products, as well as custom sheeting, slitting, and cutting of paperboard products.

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

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