Rhumbline Advisers Has $774,000 Stock Position in Clearwater Paper Co. (NYSE:CLW)

Rhumbline Advisers decreased its position in Clearwater Paper Co. (NYSE:CLW - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,000 shares of the basic materials company's stock after selling 24,979 shares during the quarter. Rhumbline Advisers owned about 0.16% of Clearwater Paper worth $774,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in Clearwater Paper by 45.2% in the third quarter. Pacer Advisors Inc. now owns 1,887,015 shares of the basic materials company's stock worth $53,855,000 after buying an additional 587,043 shares during the last quarter. Barclays PLC grew its holdings in shares of Clearwater Paper by 339.6% in the 3rd quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock worth $774,000 after acquiring an additional 20,966 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Clearwater Paper by 124.0% during the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock worth $361,000 after purchasing an additional 6,865 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Clearwater Paper during the third quarter valued at $877,000. Finally, Intech Investment Management LLC acquired a new position in shares of Clearwater Paper in the 3rd quarter valued at $1,043,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on CLW shares. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, February 18th.

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Insider Buying and Selling at Clearwater Paper

In other Clearwater Paper news, SVP Kari G. Moyes sold 2,778 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.72, for a total value of $74,228.16. Following the transaction, the senior vice president now owns 83,799 shares in the company, valued at $2,239,109.28. The trade was a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.30% of the company's stock.

Clearwater Paper Stock Down 1.5 %

Shares of CLW stock traded down $0.36 on Monday, reaching $23.79. 316,557 shares of the company's stock traded hands, compared to its average volume of 309,599. The company has a market capitalization of $384.77 million, a P/E ratio of 2.03 and a beta of 0.37. Clearwater Paper Co. has a 12-month low of $23.19 and a 12-month high of $57.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The business's 50 day moving average price is $29.15 and its two-hundred day moving average price is $28.56.

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 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%.

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.