LSV Asset Management Sells 34,024 Shares of Clearwater Paper Co. (NYSE:CLW)

LSV Asset Management lowered its holdings in Clearwater Paper Co. (NYSE:CLW - Free Report) by 85.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,676 shares of the basic materials company's stock after selling 34,024 shares during the period. LSV Asset Management's holdings in Clearwater Paper were worth $169,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Peregrine Capital Management LLC acquired a new stake in Clearwater Paper in the 4th quarter valued at $4,328,000. Trexquant Investment LP purchased a new stake in shares of Clearwater Paper during the 4th quarter valued at about $2,753,000. Arrowstreet Capital Limited Partnership lifted its position in Clearwater Paper by 33.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company's stock worth $8,069,000 after acquiring an additional 68,558 shares in the last quarter. Sei Investments Co. purchased a new position in Clearwater Paper in the 4th quarter worth approximately $2,010,000. Finally, JPMorgan Chase & Co. grew its position in Clearwater Paper by 118.5% in the fourth quarter. JPMorgan Chase & Co. now owns 85,950 shares of the basic materials company's stock valued at $2,559,000 after acquiring an additional 46,611 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Insider Transactions 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 stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the sale, the senior vice president now owns 81,439 shares of the company's stock, valued at $1,952,907.22. The trade was a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.55% of the company's stock.

Analysts Set New Price Targets

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

Clearwater Paper Stock Down 1.5 %

Shares of Clearwater Paper stock traded down $0.36 on Monday, hitting $24.31. 9,459 shares of the company's stock traded hands, compared to its average volume of 305,018. The stock has a market cap of $394.81 million, a P/E ratio of 2.08 and a beta of 0.22. The firm's 50-day moving average is $25.41 and its 200 day moving average is $27.29. 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 Co. has a 52-week low of $22.58 and a 52-week high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued 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%.

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.