LSV Asset Management Purchases 900 Shares of Clearwater Paper Corporation (CLW)

LSV Asset Management boosted its position in Clearwater Paper Corporation (NYSE:CLW) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 873,120 shares of the basic materials company’s stock after purchasing an additional 900 shares during the quarter. LSV Asset Management owned about 5.31% of Clearwater Paper Corporation worth $40,818,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its position in Clearwater Paper Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 380 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Clearwater Paper Corporation in the 2nd quarter valued at about $216,000. KBC Group NV lifted its position in Clearwater Paper Corporation by 8.1% in the 2nd quarter. KBC Group NV now owns 25,699 shares of the basic materials company’s stock valued at $1,201,000 after purchasing an additional 1,920 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Clearwater Paper Corporation by 46.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,537 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 2,064 shares during the last quarter. Finally, Comerica Bank lifted its position in Clearwater Paper Corporation by 12.7% in the 2nd quarter. Comerica Bank now owns 56,350 shares of the basic materials company’s stock valued at $2,753,000 after purchasing an additional 6,330 shares during the last quarter. Hedge funds and other institutional investors own 84.51% of the company’s stock.

Clearwater Paper Corporation (CLW) opened at 46.25 on Monday. 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 $760.03 million, a PE ratio of 29.82 and a beta of 1.07. The firm’s 50-day moving average is $46.35 and its 200 day moving average is $49.13.

Clearwater Paper Corporation (NYSE:CLW) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The business had revenue of $429.70 million for the quarter, compared to the consensus estimate of $439.33 million. Clearwater Paper Corporation had a net margin of 1.49% and a return on equity of 7.74%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 EPS. On average, equities analysts forecast that Clearwater Paper Corporation will post $2.64 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://sportsperspectives.com/2017/09/11/lsv-asset-management-purchases-900-shares-of-clearwater-paper-corporation-clw.html.

In related news, insider Michael S. Gadd sold 1,546 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $50.04, for a total transaction of $77,361.84. Following the transaction, the insider now owns 17,464 shares in the company, valued at approximately $873,898.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael S. Gadd sold 877 shares of the company’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 transaction, the insider now owns 19,010 shares in the company, valued at approximately $950,690.10. The disclosure for this sale can be found here. 2.41% of the stock is owned by corporate insiders.

Several analysts recently weighed in on CLW shares. Zacks Investment Research downgraded shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada cut their price objective on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Finally, BidaskClub downgraded 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 given a hold rating and three have given a buy rating to the company. Clearwater Paper Corporation presently has an average rating of “Hold” and a consensus target price of $60.50.

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)

Receive News & Ratings for Clearwater Paper Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Paper Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply