Clearwater Paper Co. (NYSE:CLW) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in Clearwater Paper Co. (NYSE:CLW) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,431 shares of the basic materials company’s stock after selling 2,810 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.29% of Clearwater Paper worth $1,412,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Clearwater Paper in the fourth quarter valued at approximately $217,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Clearwater Paper in the fourth quarter valued at approximately $226,000. Graham Capital Management L.P. purchased a new position in shares of Clearwater Paper during the fourth quarter valued at approximately $238,000. Aquatic Capital Management LLC lifted its stake in shares of Clearwater Paper by 58.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,078 shares of the basic materials company’s stock valued at $240,000 after buying an additional 2,984 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock valued at $259,000 after buying an additional 800 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th. Wall Street Zen raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 17th.

Insider Buying and Selling at Clearwater Paper

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the transaction, the senior vice president now owns 81,439 shares in the company, valued at $1,952,907.22. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.55% of the stock is owned by company insiders.

Clearwater Paper Stock Performance

Shares of CLW opened at $29.06 on Wednesday. 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 company has a market capitalization of $472.35 million, a price-to-earnings ratio of 2.48 and a beta of 0.16. The company’s 50 day simple moving average is $26.46 and its 200 day simple moving average is $27.37. Clearwater Paper Co. has a 1 year low of $22.58 and a 1 year high of $57.13.

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

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.