Clearwater Paper Co. (NYSE:CLW) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its holdings in Clearwater Paper Co. (NYSE:CLW) by 49.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,440 shares of the basic materials company’s stock after selling 33,110 shares during the period. Los Angeles Capital Management LLC’s holdings in Clearwater Paper were worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Clearwater Paper during the fourth quarter worth approximately $29,000. Algert Global LLC purchased a new position in Clearwater Paper during the 3rd quarter worth approximately $210,000. Quadrature Capital Ltd acquired a new position in Clearwater Paper during the third quarter valued at $267,000. Jump Financial LLC purchased a new stake in shares of Clearwater Paper in the third quarter worth approximately $294,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Clearwater Paper in the 4th quarter worth approximately $300,000. Institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

CLW has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on Clearwater Paper from $41.00 to $42.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. StockNews.com downgraded shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd.

Clearwater Paper Price Performance

NYSE CLW opened at $48.69 on Thursday. The stock has a market capitalization of $812.15 million, a PE ratio of 8.14 and a beta of 0.51. The stock has a 50-day simple moving average of $41.64 and a 200 day simple moving average of $37.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.82 and a current ratio of 1.91. Clearwater Paper Co. has a twelve month low of $29.22 and a twelve month high of $48.90.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Monday, April 29th. The basic materials company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.32. Clearwater Paper had a return on equity of 17.35% and a net margin of 4.92%. The company had revenue of $496.20 million during the quarter. During the same period in the prior year, the company 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.