Capstone Asset Management Co. decreased its position in Clearwater Paper Corporation (NYSE:CLW) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,923 shares of the basic materials company’s stock after selling 210 shares during the period. Capstone Asset Management Co.’s holdings in Clearwater Paper Corporation were worth $230,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Clearwater Paper Corporation by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,207,516 shares of the basic materials company’s stock worth $67,622,000 after buying an additional 44,514 shares in the last quarter. Vanguard Group Inc. boosted its stake in Clearwater Paper Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 1,518,136 shares of the basic materials company’s stock worth $85,016,000 after buying an additional 36,250 shares in the last quarter. Bank of America Corp DE boosted 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. Finally, Wedge Capital Management L L P NC boosted its stake in Clearwater Paper Corporation by 12.2% in the first quarter. Wedge Capital Management L L P NC now owns 308,072 shares of the basic materials company’s stock worth $17,252,000 after buying an additional 33,466 shares in the last quarter. 85.09% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Corporation (NYSE CLW) traded down 0.22% during midday trading on Friday, reaching $45.15. 73,484 shares of the company were exchanged. Clearwater Paper Corporation has a 52-week low of $43.60 and a 52-week high of $68.40. The company has a 50 day moving average of $47.01 and a 200-day moving average of $50.72. The company has a market capitalization of $741.95 million, a price-to-earnings ratio of 29.11 and a beta of 1.07.

Clearwater Paper Corporation (NYSE:CLW) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share for the quarter, topping 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 firm had revenue of $429.70 million for the quarter, compared to analyst estimates of $439.33 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. Clearwater Paper Corporation’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Clearwater Paper Corporation will post $2.64 earnings per share for the current fiscal year.

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A number of equities research analysts recently issued reports on CLW shares. Vertical Research raised shares of Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research note on Monday, April 24th. Zacks Investment Research cut shares of Clearwater Paper Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 27th. BidaskClub cut shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Royal Bank Of Canada dropped their price target on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a research note 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 company. Clearwater Paper Corporation currently has a consensus rating of “Hold” and a consensus target price of $60.50.

In related news, insider Michael S. Gadd sold 1,546 shares of the company’s stock in a transaction on Monday, July 31st. The stock was 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 of the company’s stock, valued at $873,898.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael S. Gadd sold 877 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $50.01, for a total value of $43,858.77. Following the transaction, the insider now directly owns 19,010 shares in the company, valued at approximately $950,690.10. The disclosure for this sale can be found here. Corporate 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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