Point72 Asset Management Increases Stake in Crocs Inc (CROX); Sells Some Clearwater Paper Corp (CLW) Stock

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Crocs, Inc (NASDAQ:CROX) is a designer, developer, manufacturer, and distributor of casual footwear, apparel, and accessories for men, women, and children. Its footwear products include boots, sandals, sneakers, flips and clogs, among others. The company has made a name for itself by utilizing its proprietary closed cell-resin, called Croslite, in the manufacture of its footwear and accessories. In addition to the United States, Crocs operates in various countries, selling its products through international retailers, as well as catering directly to costumers through company-operated retail stores and outlets.

Clearwater Paper Corp (NYSE:CLW)’s primary activity consists of manufacturing and selling private label tissue and paperboard products. The company’s products range from bathroom tissues, paper towels, napkins, and facial tissues, to bleached paperboards, folding carton boards, liquid packaging paperboard, cup, plate, commercial printing grades, and hardwood pulps. The $1.37 billion market cap firm sells its consumer products to retailers and wholesale distributors, while its pulp and paperboard segment caters primarily to packaging converters and commercial printers.

Apart from Point72 Asset Management, other institutional investors are also holding Crocs, Inc (NASDAQ:CROX)’s stock. Christopher Shackelton and Adam Gray’s Coliseum Capital increased their stake in the company by 23% last quarter, bringing their holdings to more than 2.9 million shares. Clint Carlson’s Carlson Capital on the other hand reduced his exposure to Crocs, Inc (NASDAQ:CROX) last quarter, yet continues to own 1 million shares. When it comes to Clearwater, Jay Petscheck and Steven Major’s Corsair Capital Management has a stake of around 626,000 shares, while Peter S. Park’s Park West Asset Management holds 425,396 shares of Clearwater.

Disclosure: Pablo Erbar holds no position in any stocks or funds mentioned.

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