Squarepoint Ops LLC Lowers Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Squarepoint Ops LLC trimmed its stake in Clearwater Paper Co. (NYSE:CLW - Free Report) by 85.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,604 shares of the basic materials company's stock after selling 32,767 shares during the quarter. Squarepoint Ops LLC's holdings in Clearwater Paper were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Public Sector Pension Investment Board grew its holdings in shares of Clearwater Paper by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 36,736 shares of the basic materials company's stock valued at $1,781,000 after buying an additional 2,360 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Clearwater Paper by 21.6% in the 2nd quarter. Sei Investments Co. now owns 47,991 shares of the basic materials company's stock worth $2,326,000 after purchasing an additional 8,533 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Clearwater Paper by 26.2% in the second quarter. Pacer Advisors Inc. now owns 1,299,972 shares of the basic materials company's stock worth $63,010,000 after purchasing an additional 269,937 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of Clearwater Paper during the second quarter valued at $389,000. Finally, Sierra Summit Advisors LLC purchased a new stake in shares of Clearwater Paper during the second quarter valued at $636,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Stock Performance

Shares of Clearwater Paper stock traded up $0.64 during trading hours on Friday, reaching $27.76. 225,319 shares of the stock traded hands, compared to its average volume of 211,506. Clearwater Paper Co. has a one year low of $25.50 and a one year high of $57.13. The firm has a market capitalization of $462.98 million, a price-to-earnings ratio of 4.64 and a beta of 0.32. The company has a quick ratio of 0.74, a current ratio of 1.73 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average price of $31.22 and a 200 day moving average price of $42.07.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter. Clearwater Paper had a net margin of 2.16% and a return on equity of 11.56%. The business had revenue of $586.40 million for the quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CLW. Royal Bank of Canada raised their price target on shares of Clearwater Paper from $42.00 to $48.00 and gave the company a "sector perform" rating in a report on Wednesday, August 7th. StockNews.com lowered shares of Clearwater Paper from a "buy" rating to a "hold" rating in a research note on Thursday, August 8th.

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.