Clearwater Paper Corp (CLW) : Dalton Greiner Hartman Maher Co reduced its stake in Clearwater Paper Corp by 0.29% during the most recent quarter end. The investment management company now holds a total of 247,260 shares of Clearwater Paper Corp which is valued at $15,938,380 after selling 715 shares in Clearwater Paper Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Clearwater Paper Corp makes up approximately 1.06% of Dalton Greiner Hartman Maher Co’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in CLW by selling 300 shares or 27.99% in the most recent quarter. The Hedge Fund company now holds 772 shares of CLW which is valued at $49,894.Legal General Group Plc boosted its stake in CLW in the latest quarter, The investment management firm added 11,649 additional shares and now holds a total of 28,825 shares of Clearwater Paper Corp which is valued at $1,862,960. Advisory Services Network added CLW to its portfolio by purchasing 74 company shares during the most recent quarter which is valued at $4,764.Bnp Paribas Arbitrage Sa reduced its stake in CLW by selling 2,762 shares or 46.55% in the most recent quarter. The Hedge Fund company now holds 3,171 shares of CLW which is valued at $205,386.
Clearwater Paper Corp closed down -0.71 points or -1.09% at $64.63 with 56,707 shares getting traded on Tuesday. Post opening the session at $64.98, the shares hit an intraday low of $63.95 and an intraday high of $64.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Clearwater Paper Corp reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.95. The company had revenue of $437.20 million for the quarter, compared to analysts expectations of $430.11 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on Clearwater Paper Corp. Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 60 from a previous price target of $56 .
Clearwater Paper Corporation is a producer of private label tissue and bleached paperboard products. The Company is engaged in manufacturing quality consumer tissue away-from-home (AFH) tissue parent roll tissue bleached paperboard and pulp. The Company operates in two segments: Consumer Products segment and Pulp and Paperboard segment. Consumer Products segment manufactures and sells a line of at-home tissue products as well as AFH products. Pulp and Paperboard segment manufactures and markets bleached paperboard for the packaging industry and are a producer of solid bleach sulfate (SBS) paperboard. The Company’s products are primarily wood pulp-based and are manufactured in the United States. The Company supplies private label tissue to retailers and wholesale distributors including grocery drug mass merchants and discount stores. In addition the Company’s bleached paperboard are used by printers and packaging converters.