Charles Schwab Investment Management Inc. Reduces Holdings in Clearwater Paper Co. (NYSE:CLW)

Charles Schwab Investment Management Inc. trimmed its holdings in Clearwater Paper Co. (NYSE:CLW - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 191,841 shares of the basic materials company's stock after selling 58,201 shares during the period. Charles Schwab Investment Management Inc. owned 1.16% of Clearwater Paper worth $5,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CLW. Victory Capital Management Inc. increased its stake in shares of Clearwater Paper by 63.9% during the 3rd quarter. Victory Capital Management Inc. now owns 50,240 shares of the basic materials company's stock worth $1,434,000 after purchasing an additional 19,580 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Clearwater Paper by 16.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,762 shares of the basic materials company's stock worth $1,021,000 after buying an additional 4,994 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Clearwater Paper in the third quarter worth $1,043,000. D.A. Davidson & CO. lifted its position in shares of Clearwater Paper by 23.4% in the third quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company's stock valued at $225,000 after acquiring an additional 1,500 shares in the last quarter. Finally, PEAK6 Investments LLC boosted its stake in shares of Clearwater Paper by 15.5% during the third quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company's stock valued at $260,000 after acquiring an additional 1,227 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

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Clearwater Paper Trading Down 2.1 %

NYSE:CLW traded down $0.56 during mid-day trading on Friday, reaching $25.36. The company's stock had a trading volume of 233,023 shares, compared to its average volume of 292,456. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90. The stock has a market cap of $410.12 million, a P/E ratio of 2.16 and a beta of 0.37. The company's fifty day simple moving average is $27.76 and its two-hundred day simple moving average is $27.81. Clearwater Paper Co. has a twelve month low of $22.58 and a twelve month high of $57.13.

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

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the sale, the senior vice president now directly owns 81,439 shares in the company, valued at $1,952,907.22. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CLW shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th.

About Clearwater Paper

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.