Clearwater Paper Co. (NYSE:CLW) Shares Sold by New York State Teachers Retirement System

Posted by Defense World Staff on Oct 25th, 2023

New York State Teachers Retirement System lowered its stake in Clearwater Paper Co. (NYSE:CLW – Free Report) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,537 shares of the basic materials company’s stock after selling 1,000 shares during the period. New York State Teachers Retirement System owned about 0.22% of Clearwater Paper worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Clearwater Paper by 0.3% in the 1st quarter. BlackRock Inc. now owns 2,717,282 shares of the basic materials company’s stock valued at $76,165,000 after purchasing an additional 6,953 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Clearwater Paper by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,308,612 shares of the basic materials company’s stock valued at $43,734,000 after purchasing an additional 46,557 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Clearwater Paper by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,189,845 shares of the basic materials company’s stock worth $33,351,000 after acquiring an additional 20,592 shares in the last quarter. State Street Corp raised its position in shares of Clearwater Paper by 1.8% during the 1st quarter. State Street Corp now owns 640,316 shares of the basic materials company’s stock worth $21,399,000 after acquiring an additional 11,233 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Clearwater Paper by 86.4% during the 2nd quarter. Millennium Management LLC now owns 398,762 shares of the basic materials company’s stock worth $13,410,000 after acquiring an additional 184,832 shares in the last quarter. Institutional investors and hedge funds own 89.38% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael S. Gadd sold 6,182 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $35.68, for a total transaction of $220,573.76. Following the transaction, the vice president now owns 61,843 shares in the company, valued at approximately $2,206,558.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CLW. StockNews.com began coverage on Clearwater Paper in a research report on Thursday, October 5th. They set a “buy” rating on the stock. TheStreet lowered Clearwater Paper from a “b-” rating to a “c+” rating in a research report on Monday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $42.00 target price on shares of Clearwater Paper in a research report on Friday, September 8th.

Get Our Latest Stock Analysis on Clearwater Paper

Clearwater Paper Trading Down 2.2 %

NYSE:CLW opened at $34.04 on Wednesday. The stock’s 50 day moving average price is $36.27 and its 200 day moving average price is $33.88. The company has a market capitalization of $568.81 million, a PE ratio of 8.47 and a beta of 0.75. The company has a quick ratio of 0.96, a current ratio of 2.25 and a debt-to-equity ratio of 0.92. Clearwater Paper Co. has a 52-week low of $29.22 and a 52-week high of $45.00.

Clearwater Paper (NYSE:CLW – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.74 earnings per share (EPS) for the quarter. The firm had revenue of $524.60 million for the quarter. Clearwater Paper had a return on equity of 13.73% and a net margin of 3.22%.

Clearwater Paper Profile

(Free Report)

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. 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.