Clearwater Paper Co. (NYSE:CLW) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,121,456 shares of the basic materials company's stock after selling 103,624 shares during the period. Vanguard Group Inc. owned about 6.77% of Clearwater Paper worth $33,386,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CLW. Virtu Financial LLC purchased a new stake in Clearwater Paper in the fourth quarter valued at approximately $217,000. Cornerstone Investment Partners LLC purchased a new stake in Clearwater Paper in the 4th quarter valued at $226,000. D.A. Davidson & CO. boosted its stake in Clearwater Paper by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock worth $259,000 after purchasing an additional 800 shares during the period. HighTower Advisors LLC grew its position in Clearwater Paper by 124.0% during the 3rd 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 last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Clearwater Paper in the fourth quarter valued at $378,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Stock Performance

CLW traded up $0.17 during trading on Friday, hitting $24.57. The stock had a trading volume of 346,100 shares, compared to its average volume of 305,437. The firm has a market capitalization of $398.95 million, a P/E ratio of 2.09 and a beta of 0.22. Clearwater Paper Co. has a twelve month low of $22.58 and a twelve month high of $57.13. The company's 50-day moving average price is $25.41 and its 200 day moving average price is $27.27. 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 (NYSE:CLW - Get Free Report) last released its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) 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%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, SVP Kari G. Moyes sold 1,132 shares of the business's 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.30% of the company's stock.

Clearwater Paper Company 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.