MYDA Advisors LLC Reduces Position in Clearwater Paper Co. (NYSE:CLW)

MYDA Advisors LLC lessened its position in Clearwater Paper Co. (NYSE:CLW - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,538 shares of the basic materials company's stock after selling 12,770 shares during the period. MYDA Advisors LLC owned 0.65% of Clearwater Paper worth $3,201,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CLW. Virtu Financial LLC purchased a new position in Clearwater Paper during the 4th quarter valued at $217,000. Cornerstone Investment Partners LLC bought a new stake in shares of Clearwater Paper during the 4th quarter valued at about $226,000. D.A. Davidson & CO. increased its position 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. Wells Fargo & Company MN raised its stake in Clearwater Paper by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company's stock worth $312,000 after buying an additional 2,176 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Clearwater Paper by 124.0% in the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock worth $361,000 after buying an additional 6,865 shares during the period. Hedge funds and other institutional investors own 89.98% of the company's stock.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction dated Monday, March 17th. The shares were 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 approximately $1,952,907.22. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.55% of the company's stock.

Analyst Upgrades and Downgrades

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

Clearwater Paper Stock Down 1.4 %

NYSE CLW traded down $0.34 during trading hours on Wednesday, reaching $24.10. 245,789 shares of the company's stock traded hands, compared to its average volume of 306,205. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13. 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 firm has a 50-day simple moving average of $25.18 and a 200 day simple moving average of $27.23. The firm has a market cap of $391.38 million, a PE ratio of 2.05 and a beta of 0.22.

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 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%.

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.