Quadrature Capital Ltd Trims Holdings in Clearwater Paper Co. (NYSE:CLW)

Quadrature Capital Ltd lowered its holdings in Clearwater Paper Co. (NYSE:CLW) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,735 shares of the basic materials company’s stock after selling 1,638 shares during the quarter. Quadrature Capital Ltd’s holdings in Clearwater Paper were worth $207,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Invesco Ltd. increased its position in shares of Clearwater Paper by 2.8% during the 3rd quarter. Invesco Ltd. now owns 420,359 shares of the basic materials company’s stock worth $15,238,000 after purchasing an additional 11,293 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Clearwater Paper by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,904 shares of the basic materials company’s stock worth $11,772,000 after purchasing an additional 4,185 shares during the period. American Century Companies Inc. increased its stake in Clearwater Paper by 8.9% during the third quarter. American Century Companies Inc. now owns 284,146 shares of the basic materials company’s stock worth $10,300,000 after purchasing an additional 23,231 shares during the period. Wasatch Advisors LP purchased a new stake in Clearwater Paper during the fourth quarter worth about $9,909,000. Finally, Grizzlyrock Capital LLC purchased a new stake in Clearwater Paper during the fourth quarter worth about $4,585,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

Shares of CLW opened at $49.26 on Friday. The stock has a 50 day moving average price of $48.85 and a 200 day moving average price of $41.39. The company has a quick ratio of 0.82, a current ratio of 1.91 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $821.66 million, a price-to-earnings ratio of 8.24 and a beta of 0.45. Clearwater Paper Co. has a 52-week low of $29.82 and a 52-week high of $53.77.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Monday, April 29th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.32. The firm had revenue of $496.20 million during the quarter. Clearwater Paper had a return on equity of 17.35% and a net margin of 4.92%. During the same period last year, the company earned $1.47 earnings per share.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price target on shares of Clearwater Paper from $41.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th.

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.