Citadel Advisors LLC Takes $396,000 Position in Clearwater Paper Corporation (CLW)

Citadel Advisors LLC bought a new stake in shares of Clearwater Paper Corporation (NYSE:CLW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,476 shares of the basic materials company’s stock, valued at approximately $396,000. Citadel Advisors LLC owned approximately 0.05% of Clearwater Paper Corporation at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CLW. Riverhead Capital Management LLC boosted its holdings in shares of Clearwater Paper Corporation by 80.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,164 shares of the basic materials company’s stock valued at $101,000 after buying an additional 964 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of 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 worth $119,000 after purchasing an additional 380 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Clearwater Paper Corporation by 77.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,226 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 1,406 shares during the last quarter. US Bancorp DE raised its position in shares of Clearwater Paper Corporation by 1.0% in the 1st quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 35 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of Clearwater Paper Corporation by 5.4% in the 1st quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 84.45% of the company’s stock.

In other Clearwater Paper Corporation news, insider Michael S. Gadd sold 877 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was 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 owns 19,010 shares of the company’s stock, valued at $950,690.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael S. Gadd sold 1,546 shares of the firm’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 completion of the sale, the insider now directly owns 17,464 shares of the company’s stock, valued at approximately $873,898.56. The disclosure for this sale can be found here. 2.41% of the stock is currently owned by company insiders.

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Clearwater Paper Corporation (NYSE:CLW) opened at 45.00 on Wednesday. Clearwater Paper Corporation has a 12 month low of $43.60 and a 12 month high of $68.40. The firm has a 50-day moving average price of $46.61 and a 200-day moving average price of $47.81. The stock has a market cap of $739.48 million, a price-to-earnings ratio of 29.01 and a beta of 1.05.

Clearwater Paper Corporation (NYSE:CLW) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share 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 for 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. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts expect that Clearwater Paper Corporation will post $2.63 earnings per share for the current fiscal year.

Several research firms have recently issued reports on CLW. Zacks Investment Research lowered Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub lowered Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Royal Bank Of Canada lowered their price target on 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $64.00.

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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