Clearwater Paper Corp (NYSE:CLW) Shares Sold by Arizona State Retirement System

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Arizona State Retirement System lessened its stake in shares of Clearwater Paper Corp (NYSE:CLW) by 43.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,013 shares of the basic materials company’s stock after selling 8,383 shares during the period. Arizona State Retirement System owned about 0.07% of Clearwater Paper worth $235,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Millennium Management LLC lifted its position in shares of Clearwater Paper by 38.6% during the 3rd quarter. Millennium Management LLC now owns 252,878 shares of the basic materials company’s stock valued at $5,340,000 after acquiring an additional 70,394 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Clearwater Paper by 6.7% during the 3rd quarter. Rhumbline Advisers now owns 53,874 shares of the basic materials company’s stock valued at $1,138,000 after acquiring an additional 3,362 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Clearwater Paper by 61.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 441,395 shares of the basic materials company’s stock valued at $9,322,000 after acquiring an additional 167,854 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Clearwater Paper by 10.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,449 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 532 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Clearwater Paper by 165.8% during the 2nd quarter. Morgan Stanley now owns 91,267 shares of the basic materials company’s stock valued at $1,688,000 after acquiring an additional 56,931 shares during the last quarter. Institutional investors own 82.90% of the company’s stock.

Shares of NYSE:CLW opened at $27.09 on Friday. Clearwater Paper Corp has a one year low of $13.87 and a one year high of $35.27. The stock has a fifty day moving average of $23.43 and a 200-day moving average of $20.06. The company has a market capitalization of $470.54 million, a PE ratio of -2.29 and a beta of 2.03. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.62 and a current ratio of 1.57.

A number of equities research analysts have recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Clearwater Paper in a research report on Wednesday. Zacks Investment Research upgraded Clearwater Paper from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Friday, January 31st. Royal Bank of Canada upgraded Clearwater Paper from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $15.00 to $20.00 in a research report on Tuesday, January 14th. Finally, ValuEngine upgraded Clearwater Paper from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.00.

Clearwater Paper Company Profile

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

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Institutional Ownership by Quarter for Clearwater Paper (NYSE:CLW)

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