Citigroup Inc. Sells 7,847 Shares of Clearwater Paper Co. (NYSE:CLW)

Citigroup Inc. lessened its holdings in shares of Clearwater Paper Co. (NYSE:CLW) by 53.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,917 shares of the basic materials company’s stock after selling 7,847 shares during the period. Citigroup Inc.’s holdings in Clearwater Paper were worth $251,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. American Century Companies Inc. lifted its holdings in shares of Clearwater Paper by 8.9% during the 3rd quarter. American Century Companies Inc. now owns 284,146 shares of the basic materials company’s stock valued at $10,300,000 after purchasing an additional 23,231 shares in the last quarter. Deutsche Bank AG lifted its stake in Clearwater Paper by 14.6% in the 3rd quarter. Deutsche Bank AG now owns 9,685 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 1,234 shares in the last quarter. Comerica Bank bought a new stake in Clearwater Paper in the 3rd quarter valued at approximately $1,745,000. Royal Bank of Canada lifted its stake in Clearwater Paper by 9.9% in the 3rd quarter. Royal Bank of Canada now owns 13,270 shares of the basic materials company’s stock valued at $481,000 after acquiring an additional 1,199 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Clearwater Paper by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 47,636 shares of the basic materials company’s stock valued at $1,727,000 after acquiring an additional 894 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Clearwater Paper from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Clearwater Paper Trading Up 2.6 %

NYSE CLW opened at $43.94 on Thursday. The stock has a market capitalization of $727.65 million, a price-to-earnings ratio of 6.91 and a beta of 0.50. The stock’s 50 day moving average price is $37.03 and its two-hundred day moving average price is $36.24. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.97. Clearwater Paper Co. has a 52 week low of $29.22 and a 52 week high of $44.03.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $1.35 earnings per share for the quarter. The firm had revenue of $512.80 million for the quarter. Clearwater Paper had a return on equity of 18.13% and a net margin of 5.17%.

About Clearwater Paper

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.