Susquehanna Portfolio Strategies LLC Sells 5,142 Shares of Clearwater Paper Co. (NYSE:CLW)

Susquehanna Portfolio Strategies LLC cut its holdings in Clearwater Paper Co. (NYSE:CLW) by 29.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,525 shares of the basic materials company’s stock after selling 5,142 shares during the period. Susquehanna Portfolio Strategies LLC owned approximately 0.08% of Clearwater Paper worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in Clearwater Paper by 10.9% during the second quarter. AQR Capital Management LLC now owns 111,002 shares of the basic materials company’s stock worth $5,380,000 after purchasing an additional 10,875 shares during the period. Caxton Associates LP bought a new position in shares of Clearwater Paper during the 2nd quarter worth approximately $200,000. Public Sector Pension Investment Board grew its position in shares of Clearwater Paper by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 36,736 shares of the basic materials company’s stock worth $1,781,000 after buying an additional 2,360 shares during the period. Sei Investments Co. increased its stake in shares of Clearwater Paper by 21.6% in the 2nd quarter. Sei Investments Co. now owns 47,991 shares of the basic materials company’s stock valued at $2,326,000 after acquiring an additional 8,533 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Clearwater Paper by 26.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,299,972 shares of the basic materials company’s stock valued at $63,010,000 after acquiring an additional 269,937 shares during the period. 89.98% of the stock is owned by institutional investors.

Clearwater Paper Price Performance

Shares of CLW opened at $28.52 on Friday. The business’s fifty day moving average is $36.83 and its 200 day moving average is $43.08. Clearwater Paper Co. has a 12-month low of $27.69 and a 12-month high of $57.13. 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 stock has a market cap of $474.29 million, a P/E ratio of 4.77 and a beta of 0.33.

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

Analysts Set New Price Targets

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

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.