Texas Permanent School Fund Boosts Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Texas Permanent School Fund boosted its position in Clearwater Paper Co. (NYSE:CLWGet Rating) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,206 shares of the basic materials company’s stock after purchasing an additional 374 shares during the period. Texas Permanent School Fund owned about 0.07% of Clearwater Paper worth $410,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of Clearwater Paper by 113.1% during the second quarter. Assenagon Asset Management S.A. now owns 136,194 shares of the basic materials company’s stock worth $4,580,000 after acquiring an additional 72,281 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Clearwater Paper by 238.1% during the first quarter. Victory Capital Management Inc. now owns 59,692 shares of the basic materials company’s stock worth $1,779,000 after acquiring an additional 42,036 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Clearwater Paper during the first quarter worth $943,000. Charles Schwab Investment Management Inc. lifted its position in shares of Clearwater Paper by 11.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 307,227 shares of the basic materials company’s stock worth $8,612,000 after acquiring an additional 30,830 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Clearwater Paper during the second quarter worth $1,009,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.

Analyst Ratings Changes

CLW has been the topic of several recent research reports. StockNews.com upgraded Clearwater Paper from a “hold” rating to a “buy” rating in a research report on Thursday, November 10th. BMO Capital Markets increased their target price on Clearwater Paper from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 1st. Royal Bank of Canada cut shares of Clearwater Paper from an “outperform” rating to a “sector perform” rating and set a $45.00 price target on the stock. in a report on Tuesday, November 1st. Finally, TheStreet raised shares of Clearwater Paper from a “c” rating to a “b” rating in a report on Wednesday, August 3rd.

Clearwater Paper Trading Up 1.1 %

Clearwater Paper stock opened at $38.95 on Wednesday. The stock has a market cap of $652.88 million, a P/E ratio of 10.82 and a beta of 0.94. Clearwater Paper Co. has a fifty-two week low of $25.07 and a fifty-two week high of $46.48. The firm’s fifty day moving average price is $39.27 and its 200-day moving average price is $37.83. 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 (NYSE:CLWGet Rating) last released its quarterly earnings results on Monday, October 31st. The basic materials company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.43. Clearwater Paper had a net margin of 3.01% and a return on equity of 15.16%. During the same period in the previous year, the company earned $0.55 EPS. Equities research analysts forecast that Clearwater Paper Co. will post 4.44 earnings per share for the current fiscal year.

Insider Transactions at Clearwater Paper

In related news, VP Michael S. Gadd sold 8,500 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $37.33, for a total value of $317,305.00. Following the transaction, the vice president now owns 61,366 shares of the company’s stock, valued at $2,290,792.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.77% of the company’s stock.

About Clearwater Paper

(Get Rating)

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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