Citigroup Inc. Has $913,000 Position in Clearwater Paper Corporation (CLW)

Citigroup Inc. reduced its position in Clearwater Paper Corporation (NYSE:CLW) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,530 shares of the basic materials company’s stock after selling 3,512 shares during the period. Citigroup Inc. owned about 0.12% of Clearwater Paper Corporation worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Clearwater Paper Corporation by 138,458.4% in the 1st quarter. BlackRock Inc. now owns 2,157,355 shares of the basic materials company’s stock valued at $120,812,000 after purchasing an additional 2,155,798 shares during the period. Vanguard Group Inc. lifted its stake in shares of Clearwater Paper Corporation by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 1,518,136 shares of the basic materials company’s stock valued at $85,016,000 after purchasing an additional 36,250 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Clearwater Paper Corporation by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,207,516 shares of the basic materials company’s stock valued at $67,622,000 after purchasing an additional 44,514 shares during the period. State Street Corp lifted its stake in shares of Clearwater Paper Corporation by 1.4% in the 1st quarter. State Street Corp now owns 414,270 shares of the basic materials company’s stock valued at $23,195,000 after purchasing an additional 5,858 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Clearwater Paper Corporation by 27.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 394,107 shares of the basic materials company’s stock valued at $18,425,000 after purchasing an additional 86,035 shares during the period. Hedge funds and other institutional investors own 84.45% of the company’s stock.

CLW has been the subject of several analyst reports. Zacks Investment Research cut shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reduced their price objective on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, August 4th. Finally, BidaskClub cut shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $64.00.

In other Clearwater Paper Corporation news, 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 completion of the sale, the insider now owns 17,464 shares of the company’s stock, valued at $873,898.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael S. Gadd sold 877 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $50.01, for a total value 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 disclosure for this sale can be found here. 2.41% of the stock is currently owned by company insiders.

Clearwater Paper Corporation (CLW) opened at 45.95 on Friday. The firm’s 50-day moving average is $46.63 and its 200-day moving average is $48.07. Clearwater Paper Corporation has a 52-week low of $43.60 and a 52-week high of $68.40. The firm has a market capitalization of $755.10 million, a PE ratio of 29.63 and a beta of 1.05.

Clearwater Paper Corporation (NYSE:CLW) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $429.70 million during the quarter, compared to the consensus estimate of $439.33 million. During the same quarter last year, the company earned $1.37 earnings per share. Clearwater Paper Corporation’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Clearwater Paper Corporation will post $2.63 earnings per share for the current year.

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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.

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

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