Renaissance Technologies LLC Has $8.40 Million Position in Clearwater Paper Co. (NYSE:CLW)

Renaissance Technologies LLC lessened its stake in Clearwater Paper Co. (NYSE:CLW) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 173,200 shares of the basic materials company’s stock after selling 12,500 shares during the period. Renaissance Technologies LLC’s holdings in Clearwater Paper were worth $8,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CLW. Innealta Capital LLC acquired a new position in shares of Clearwater Paper in the second quarter worth approximately $52,000. GAMMA Investing LLC raised its holdings in Clearwater Paper by 30.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 255 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Clearwater Paper in the 1st quarter worth approximately $132,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Clearwater Paper in the 2nd quarter valued at $153,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Clearwater Paper in the 1st quarter valued at $211,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLW. StockNews.com downgraded shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price objective on Clearwater Paper from $42.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th.

Clearwater Paper Price Performance

Shares of CLW opened at $29.80 on Wednesday. The firm has a market cap of $495.57 million, a PE ratio of 4.98 and a beta of 0.33. Clearwater Paper Co. has a 52-week low of $27.69 and a 52-week high of $57.13. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 1.73. The business’s 50 day moving average price is $38.05 and its two-hundred day moving average price is $43.36.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%. The company had revenue of $586.40 million for the quarter.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.