Public Sector Pension Investment Board Buys 2,360 Shares of Clearwater Paper Co. (NYSE:CLW)

Public Sector Pension Investment Board grew its stake in shares of Clearwater Paper Co. (NYSE:CLW) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,736 shares of the basic materials company’s stock after buying an additional 2,360 shares during the period. Public Sector Pension Investment Board’s holdings in Clearwater Paper were worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CLW. Trexquant Investment LP bought a new stake in Clearwater Paper in the fourth quarter worth $408,000. TD Asset Management Inc increased its position in Clearwater Paper by 40.2% in the fourth quarter. TD Asset Management Inc now owns 26,500 shares of the basic materials company’s stock worth $957,000 after purchasing an additional 7,600 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in Clearwater Paper by 40.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 41,591 shares of the basic materials company’s stock worth $1,502,000 after purchasing an additional 12,027 shares during the last quarter. Wasatch Advisors LP bought a new stake in Clearwater Paper in the fourth quarter worth $9,909,000. Finally, Grizzlyrock Capital LLC bought a new stake in Clearwater Paper in the fourth quarter worth $4,585,000. Institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CLW shares. StockNews.com cut shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada boosted their price target on shares of 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 Stock Up 0.0 %

NYSE CLW opened at $28.53 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.73 and a debt-to-equity ratio of 1.73. The company has a fifty day moving average of $36.29 and a two-hundred day moving average of $43.01. The firm has a market capitalization of $475.82 million, a price-to-earnings ratio of 4.77 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.

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

Clearwater Paper Company Profile

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.