Goldman Sachs Group Inc. decreased its position in Clearwater Paper Corporation (NYSE:CLW) by 33.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,800 shares of the basic materials company’s stock after selling 15,822 shares during the period. Goldman Sachs Group Inc. owned 0.19% of Clearwater Paper Corporation worth $1,725,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CLW. Paloma Partners Management Co increased its position in shares of Clearwater Paper Corporation by 3.2% in the first quarter. Paloma Partners Management Co now owns 10,871 shares of the basic materials company’s stock worth $608,000 after buying an additional 340 shares during the last quarter. State Street Corp increased its stake in Clearwater Paper Corporation by 1.4% in the first quarter. State Street Corp now owns 414,270 shares of the basic materials company’s stock worth $23,195,000 after buying an additional 5,858 shares in the last quarter. Bank of America Corp DE increased its stake in Clearwater Paper Corporation by 198.1% in the first quarter. Bank of America Corp DE now owns 51,412 shares of the basic materials company’s stock worth $2,879,000 after buying an additional 34,163 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Clearwater Paper Corporation by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 136,955 shares of the basic materials company’s stock worth $7,670,000 after buying an additional 6,408 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Clearwater Paper Corporation by 138,458.4% in the first quarter. BlackRock Inc. now owns 2,157,355 shares of the basic materials company’s stock worth $120,812,000 after buying an additional 2,155,798 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Clearwater Paper Corporation (NYSE:CLW) traded down 2.088% during midday trading on Monday, reaching $45.725. The company’s stock had a trading volume of 22,322 shares. Clearwater Paper Corporation has a 1-year low of $43.60 and a 1-year high of $68.40. The firm has a market cap of $752.50 million, a price-to-earnings ratio of 29.481 and a beta of 1.07. The company has a 50 day moving average price of $46.83 and a 200 day moving average price of $52.14.

Clearwater Paper Corporation (NYSE:CLW) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.08. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. The business had revenue of $429.70 million for the quarter, compared to analysts’ expectations of $439.33 million. During the same quarter last year, the firm earned $1.37 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Clearwater Paper Corporation will post $2.75 EPS for the current year.

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CLW has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Clearwater Paper Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 27th. Royal Bank Of Canada reduced their target price on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday. BidaskClub downgraded Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Vertical Research upgraded Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $60.50.

In other news, insider Michael S. Gadd sold 877 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $50.01, for a total transaction of $43,858.77. Following the sale, the insider now owns 19,010 shares in the company, valued at $950,690.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael S. Gadd sold 1,546 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $50.04, for a total value of $77,361.84. Following the sale, the insider now owns 17,464 shares in the company, valued at approximately $873,898.56. The disclosure for this sale can be found here. 2.41% of the stock is owned by company insiders.

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

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