Prudential Financial Inc. Sells 37,009 Shares of Clearwater Paper Co. (NYSE:CLW)

Prudential Financial Inc. cut its stake in Clearwater Paper Co. (NYSE:CLW - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,879 shares of the basic materials company's stock after selling 37,009 shares during the period. Prudential Financial Inc. owned 0.72% of Clearwater Paper worth $3,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CLW. Woodmont Investment Counsel LLC increased its holdings in shares of Clearwater Paper by 6.1% in the fourth quarter. Woodmont Investment Counsel LLC now owns 37,662 shares of the basic materials company's stock valued at $1,121,000 after purchasing an additional 2,180 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Clearwater Paper in the fourth quarter valued at approximately $378,000. Sei Investments Co. bought a new position in Clearwater Paper in the fourth quarter valued at approximately $2,010,000. American Century Companies Inc. grew its holdings in Clearwater Paper by 7.3% during the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock worth $18,967,000 after acquiring an additional 43,604 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Clearwater Paper during the 4th quarter valued at $217,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Trading Up 0.3 %

Shares of Clearwater Paper stock traded up $0.08 during trading hours on Friday, hitting $24.80. The company's stock had a trading volume of 523,667 shares, compared to its average volume of 300,093. The company has a market capitalization of $402.75 million, a PE ratio of 2.11 and a beta of 0.22. 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 50 day moving average of $27.11 and a 200 day moving average of $27.62. Clearwater Paper Co. has a 12 month low of $22.58 and a 12 month high of $57.13.

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Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share 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

CLW has been the topic of several recent research reports. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Monday, February 17th.

Insider Transactions at Clearwater Paper

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 stock was sold at an average price of $23.98, for a total value of $27,145.36. Following the sale, the senior vice president now owns 81,439 shares in the company, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by insiders.

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.