Intech Investment Management LLC Trims Holdings in Clearwater Paper Co. (NYSE:CLW)

Intech Investment Management LLC decreased its position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 70.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,676 shares of the basic materials company's stock after selling 25,864 shares during the quarter. Intech Investment Management LLC owned 0.06% of Clearwater Paper worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CLW. D.A. Davidson & CO. lifted its position in Clearwater Paper by 10.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock valued at $259,000 after acquiring an additional 800 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Clearwater Paper by 2.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,161 shares of the basic materials company's stock worth $1,260,000 after purchasing an additional 1,117 shares during the last quarter. PEAK6 Investments LLC lifted its holdings 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 purchasing an additional 1,227 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Clearwater Paper by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company's stock valued at $1,739,000 after buying an additional 2,404 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Clearwater Paper by 16.2% in the 3rd 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. Institutional investors own 89.98% of the company's stock.

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Clearwater Paper Stock Performance

Shares of CLW stock traded down $0.56 on Friday, reaching $25.36. The stock had a trading volume of 233,023 shares, compared to its average volume of 293,038. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. Clearwater Paper Co. has a 1 year low of $22.58 and a 1 year high of $57.13. 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 has a 50 day simple moving average of $27.67 and a 200 day simple moving average of $27.77.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CLW shares. Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price 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.

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction that occurred 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 directly owns 81,439 shares in the company, valued at approximately $1,952,907.22. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

Clearwater Paper 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.