Connor Clark & Lunn Investment Management Ltd. Sells 27,962 Shares of Clearwater Paper Co. (NYSE:CLW)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 78.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,800 shares of the basic materials company's stock after selling 27,962 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Clearwater Paper were worth $232,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of Clearwater Paper by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 61,990 shares of the basic materials company's stock valued at $1,845,000 after buying an additional 11,750 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Clearwater Paper in the fourth quarter valued at approximately $226,000. Peregrine Capital Management LLC acquired a new stake in Clearwater Paper in the fourth quarter valued at approximately $4,328,000. D.A. Davidson & CO. grew its position in Clearwater Paper by 10.1% in the fourth 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 in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Clearwater Paper by 5.1% during the 4th quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company's stock worth $3,333,000 after purchasing an additional 5,428 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

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Clearwater Paper Price Performance

Clearwater Paper stock traded up $0.84 during mid-day trading on Thursday, hitting $25.93. 225,474 shares of the company were exchanged, compared to its average volume of 285,175. The company has a market capitalization of $419.42 million, a PE ratio of 2.21 and a beta of 0.37. The business has a fifty day moving average of $27.84 and a 200 day moving average of $27.83. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its quarterly 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 net margin of 10.54% and a negative return on equity of 1.87%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CLW. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price objective 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 report on Monday, February 17th.

Insider Transactions at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.98, for a total value of $27,145.36. Following the completion of the transaction, the senior vice president now directly owns 81,439 shares of the company's stock, 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 SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

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.