Frontier Capital Management Co. LLC cut its stake in shares of Clearwater Paper Corporation (NYSE:CLW) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 208,947 shares of the basic materials company’s stock after selling 1,852 shares during the period. Frontier Capital Management Co. LLC owned about 1.27% of Clearwater Paper Corporation worth $9,768,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of 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 during the last quarter. Texas Permanent School Fund increased its stake in shares of Clearwater Paper Corporation by 0.6% in the second quarter. Texas Permanent School Fund now owns 11,996 shares of the basic materials company’s stock valued at $561,000 after buying an additional 76 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Clearwater Paper Corporation by 5.4% in the first quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock valued at $216,000 after buying an additional 196 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of 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 during the last quarter. Finally, Paloma Partners Management Co increased its stake 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 valued at $608,000 after buying an additional 340 shares during the last quarter. 85.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Clearwater Paper Corporation (CLW) opened at 44.90 on Wednesday. The stock has a market cap of $737.84 million, a P/E ratio of 28.95 and a beta of 1.07. Clearwater Paper Corporation has a 12-month low of $43.60 and a 12-month high of $68.40. The company’s 50-day moving average is $46.96 and its 200-day moving average is $50.43.

Clearwater Paper Corporation (NYSE:CLW) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $439.33 million. During the same period in the previous year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts expect that Clearwater Paper Corporation will post $2.64 earnings per share for the current fiscal year.

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Several brokerages have recently weighed in on CLW. Zacks Investment Research raised shares of Clearwater Paper Corporation from a “strong sell” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, June 21st. BidaskClub downgraded shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Royal Bank Of Canada lowered their target price on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Clearwater Paper Corporation presently has an average rating of “Hold” and a consensus price target of $60.50.

In other Clearwater Paper Corporation news, insider Michael S. Gadd sold 877 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $50.01, for a total transaction of $43,858.77. Following the completion of the sale, the insider now directly owns 19,010 shares of the company’s stock, valued at approximately $950,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael S. Gadd sold 1,546 shares of the business’s stock in a transaction dated 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 directly owns 17,464 shares of the company’s stock, valued at $873,898.56. The disclosure for this sale can be found here. Insiders own 2.41% of the company’s stock.

About Clearwater Paper Corporation

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.

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

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