Clearwater Paper Co. (NYSE:CLW) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in Clearwater Paper Co. (NYSE:CLW) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,845 shares of the basic materials company’s stock after selling 524 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Clearwater Paper worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in Clearwater Paper in the second quarter valued at $52,000. GAMMA Investing LLC boosted its holdings in Clearwater Paper by 30.3% in the second quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 255 shares during the period. SG Americas Securities LLC purchased a new position in Clearwater Paper in the first quarter valued at $132,000. DekaBank Deutsche Girozentrale purchased a new position in Clearwater Paper in the second quarter valued at $153,000. Finally, Meeder Asset Management Inc. purchased a new position in Clearwater Paper in the first quarter valued at $211,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CLW shares. Royal Bank of Canada lifted their target price on 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 downgraded Clearwater Paper from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Clearwater Paper Stock Down 0.6 %

Clearwater Paper stock opened at $26.18 on Tuesday. Clearwater Paper Co. has a fifty-two week low of $25.50 and a fifty-two week high of $57.13. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 1.73. The company has a market capitalization of $436.63 million, a P/E ratio of 4.38 and a beta of 0.32. The stock has a 50-day simple moving average of $33.39 and a 200-day simple moving average of $42.50.

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

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.