Texas Permanent School Fund Sells 790 Shares of Clearwater Paper Co. (NYSE:CLW)

Texas Permanent School Fund cut its holdings in Clearwater Paper Co. (NYSE:CLW – Get Rating) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,255 shares of the basic materials company’s stock after selling 790 shares during the period. Texas Permanent School Fund’s holdings in Clearwater Paper were worth $426,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CLW. Millennium Management LLC lifted its stake in Clearwater Paper by 86.4% in the second quarter. Millennium Management LLC now owns 398,762 shares of the basic materials company’s stock worth $13,410,000 after purchasing an additional 184,832 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Clearwater Paper by 44.9% in the fourth quarter. Pacer Advisors Inc. now owns 247,284 shares of the basic materials company’s stock valued at $9,350,000 after acquiring an additional 76,640 shares during the period. Pictet Asset Management SA increased its position in shares of Clearwater Paper by 23.7% in the third quarter. Pictet Asset Management SA now owns 374,197 shares of the basic materials company’s stock valued at $14,069,000 after acquiring an additional 71,589 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Clearwater Paper in the fourth quarter valued at about $1,971,000. Finally, Two Sigma Advisers LP increased its position in shares of Clearwater Paper by 280.3% in the third quarter. Two Sigma Advisers LP now owns 59,700 shares of the basic materials company’s stock valued at $2,245,000 after acquiring an additional 44,000 shares during the period. 89.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Clearwater Paper in a research report on Thursday. They issued a “buy” rating on the stock. Royal Bank of Canada upgraded shares of Clearwater Paper from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $38.00 to $42.00 in a research report on Monday, April 24th. Finally, TheStreet upgraded shares of Clearwater Paper from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd.

Clearwater Paper Trading Up 0.9 %

Shares of NYSE CLW opened at $32.63 on Friday. The firm’s 50 day moving average price is $33.21 and its 200-day moving average price is $36.14. The company has a market cap of $551.97 million, a PE ratio of 10.42 and a beta of 0.80. Clearwater Paper Co. has a 52-week low of $29.92 and a 52-week high of $46.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 2.14.

Clearwater Paper (NYSE:CLW – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.21). Clearwater Paper had a return on equity of 12.27% and a net margin of 2.51%. The business had revenue of $526.70 million during the quarter, compared to the consensus estimate of $518.00 million. During the same quarter in the previous year, the business posted $0.82 earnings per share.

Insiders Place Their Bets

In other news, VP Michael S. Gadd sold 6,126 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $32.09, for a total value of $196,583.34. Following the completion of the sale, the vice president now directly owns 68,025 shares of the company’s stock, valued at $2,182,922.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Michael S. Gadd sold 6,126 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $32.09, for a total value of $196,583.34. Following the completion of the sale, the vice president now directly owns 68,025 shares of the company’s stock, valued at $2,182,922.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael John Murphy sold 5,041 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $38.33, for a total transaction of $193,221.53. Following the completion of the sale, the chief financial officer now directly owns 60,355 shares of the company’s stock, valued at $2,313,407.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,497 shares of company stock worth $918,412. Company insiders own 2.30% of the company’s stock.

Clearwater Paper Profile

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Clearwater Paper Corp. engages in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. It operates through the Consumer Products and Pulp and Paperboard segments. The Consumer Products segment manufactures and sells a complete line of at-home tissue products. The Pulp and Paperboard segment produces and markets solid bleached sulfate paperboard for the high-end segment of the packaging industry and offers custom sheeting, slitting, and cutting of paperboard.