Clearwater Paper Corp (CLW) : Corsair Capital Management reduced its stake in Clearwater Paper Corp by 14.17% during the most recent quarter end. The investment management company now holds a total of 251,802 shares of Clearwater Paper Corp which is valued at $15,387,620 after selling 41,561 shares in Clearwater Paper Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Clearwater Paper Corp makes up approximately 2.29% of Corsair Capital Management’s portfolio.
Other Hedge Funds, Including , Oxford Asset Management boosted its stake in CLW in the latest quarter, The investment management firm added 35,235 additional shares and now holds a total of 67,631 shares of Clearwater Paper Corp which is valued at $4,132,930. Clearwater Paper Corp makes up approx 0.16% of Oxford Asset Management’s portfolio.California Public Employees Retirement System reduced its stake in CLW by selling 1,400 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 128,556 shares of CLW which is valued at $8,019,323. Clearwater Paper Corp makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Shell Asset Management Co reduced its stake in CLW by selling 1,645 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 28,943 shares of CLW which is valued at $1,827,172. Clearwater Paper Corp makes up approx 0.04% of Shell Asset Management Co’s portfolio. Kanaly Trust Co added CLW to its portfolio by purchasing 410 company shares during the most recent quarter which is valued at $25,900. Clearwater Paper Corp makes up approx 0.01% of Kanaly Trust Co’s portfolio.
Clearwater Paper Corp opened for trading at $60.51 and hit $61.6605 on the upside on Monday, eventually ending the session at $61.02, with a gain of 0.84% or 0.51 points. The heightened volatility saw the trading volume jump to 78,045 shares. Company has a market cap of $1,037 M.
On the company’s financial health, Clearwater Paper Corp reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.95. The company had revenue of $437.20 million for the quarter, compared to analysts expectations of $430.11 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on Clearwater Paper Corp. Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 60 from a previous price target of $56 .DA Davidson Downgraded Clearwater Paper Corp on May 13, 2016 to ” Neutral”, Price Target of the shares are set at $65.
Clearwater Paper Corporation is a producer of private label tissue and bleached paperboard products. The Company is engaged in manufacturing quality consumer tissue away-from-home (AFH) tissue parent roll tissue bleached paperboard and pulp. The Company operates in two segments: Consumer Products segment and Pulp and Paperboard segment. Consumer Products segment manufactures and sells a line of at-home tissue products as well as AFH products. Pulp and Paperboard segment manufactures and markets bleached paperboard for the packaging industry and are a producer of solid bleach sulfate (SBS) paperboard. The Company’s products are primarily wood pulp-based and are manufactured in the United States. The Company supplies private label tissue to retailers and wholesale distributors including grocery drug mass merchants and discount stores. In addition the Company’s bleached paperboard are used by printers and packaging converters.