Ameriprise Financial Inc. Cuts Stock Position in Clearwater Paper Co. (NYSE:CLW)

Ameriprise Financial Inc. reduced its position in Clearwater Paper Co. (NYSE:CLW) by 14.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,918 shares of the basic materials company’s stock after selling 39,466 shares during the quarter. Ameriprise Financial Inc. owned 1.36% of Clearwater Paper worth $6,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Clearwater Paper by 7.3% in the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company’s stock worth $18,967,000 after purchasing an additional 43,604 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clearwater Paper by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company’s stock worth $11,523,000 after purchasing an additional 4,973 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Clearwater Paper by 33.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company’s stock worth $8,069,000 after purchasing an additional 68,558 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Clearwater Paper by 322.8% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company’s stock worth $6,498,000 after purchasing an additional 166,653 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Clearwater Paper in the 4th quarter worth about $5,418,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CLW shares. Wall Street Zen raised Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 target price on shares of Clearwater Paper in a research note on Tuesday, February 18th.

Clearwater Paper Trading Up 0.4%

NYSE CLW opened at $29.20 on Friday. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $25.78 and a 200-day moving average of $27.24. The firm has a market cap of $474.68 million, a PE ratio of 2.49 and a beta of 0.16.

Clearwater Paper (NYSE:CLW) last released its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.53). Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%. The company had revenue of $378.20 million during the quarter, compared to the consensus estimate of $387.00 million.

Insider Activity

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the transaction, the senior vice president now owns 81,439 shares of the company’s stock, valued at $1,952,907.22. This represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.55% of the stock is currently owned by corporate insiders.

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.