Illinois Municipal Retirement Fund Sells 694 Shares of Clearwater Paper Co. (NYSE:CLW)

Illinois Municipal Retirement Fund decreased its holdings in Clearwater Paper Co. (NYSE:CLW) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,771 shares of the basic materials company’s stock after selling 694 shares during the period. Illinois Municipal Retirement Fund’s holdings in Clearwater Paper were worth $353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CLW. Algert Global LLC bought a new position in shares of Clearwater Paper in the 3rd quarter valued at $210,000. Quadrature Capital Ltd bought a new position in shares of Clearwater Paper in the 3rd quarter valued at $267,000. Jump Financial LLC bought a new position in shares of Clearwater Paper in the 3rd quarter valued at $294,000. Louisiana State Employees Retirement System bought a new position in shares of Clearwater Paper in the 4th quarter valued at $300,000. Finally, Versor Investments LP bought a new position in shares of Clearwater Paper in the 3rd quarter valued at $358,000. Institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CLW. StockNews.com downgraded Clearwater Paper from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd. Royal Bank of Canada raised their price objective on Clearwater Paper from $41.00 to $42.00 and gave the company a “sector perform” rating in a report on Tuesday.

Clearwater Paper Trading Down 1.2 %

NYSE CLW opened at $44.48 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. Clearwater Paper Co. has a twelve month low of $29.22 and a twelve month high of $47.98. The company has a market cap of $736.59 million, a price-to-earnings ratio of 7.44 and a beta of 0.52. The business’s fifty day moving average is $40.66 and its 200 day moving average is $37.11.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Monday, April 29th. The basic materials company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.11 by $0.32. The firm had revenue of $496.20 million for the quarter. Clearwater Paper had a return on equity of 17.63% and a net margin of 4.92%. During the same period in the previous year, the firm posted $1.47 earnings per share.

Clearwater Paper Profile

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.