Vanguard Group Inc. Trims Stock Position in Clearwater Paper Co. (NYSE:CLW)

Vanguard Group Inc. decreased its holdings in Clearwater Paper Co. (NYSE:CLW) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,121,456 shares of the basic materials company’s stock after selling 103,624 shares during the quarter. Vanguard Group Inc. owned 6.77% of Clearwater Paper worth $33,386,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in shares of Clearwater Paper by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock worth $259,000 after acquiring an additional 800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Clearwater Paper by 2.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,161 shares of the basic materials company’s stock worth $1,260,000 after purchasing an additional 1,117 shares during the period. Exchange Traded Concepts LLC lifted its position in Clearwater Paper by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company’s stock valued at $1,739,000 after purchasing an additional 2,404 shares in the last quarter. Empowered Funds LLC grew its holdings in Clearwater Paper by 5.1% during the fourth quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company’s stock valued at $3,333,000 after purchasing an additional 5,428 shares during the period. Finally, HighTower Advisors LLC increased its position in Clearwater Paper by 124.0% in the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock worth $361,000 after buying an additional 6,865 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Clearwater Paper Trading Down 0.2 %

Shares of CLW stock opened at $24.50 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The stock has a fifty day simple moving average of $26.06 and a two-hundred day simple moving average of $27.39. The firm has a market capitalization of $397.90 million, a PE ratio of 2.09 and a beta of 0.22. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13.

Clearwater Paper (NYSE:CLW) last released its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.84). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Insider Transactions at Clearwater Paper

In other news, SVP Kari G. Moyes sold 2,778 shares of Clearwater Paper stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.72, for a total value of $74,228.16. Following the sale, the senior vice president now directly owns 83,799 shares of the company’s stock, valued at approximately $2,239,109.28. The trade was a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, February 17th.

Clearwater Paper Company 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.