Charles Schwab Investment Management Inc. Trims Stock Position in Clearwater Paper Co. (NYSE:CLW)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Clearwater Paper Co. (NYSE:CLW) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,841 shares of the basic materials company’s stock after selling 58,201 shares during the period. Charles Schwab Investment Management Inc. owned about 1.16% of Clearwater Paper worth $5,711,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Paloma Partners Management Co purchased a new position in Clearwater Paper during the third quarter worth $209,000. D.A. Davidson & CO. boosted its stake in shares of Clearwater Paper by 23.4% during the third quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 1,500 shares during the last quarter. PEAK6 Investments LLC increased its position in Clearwater Paper by 15.5% during the 3rd quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 1,227 shares in the last quarter. HighTower Advisors LLC raised its stake in Clearwater Paper by 124.0% in the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 6,865 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Clearwater Paper by 339.6% in the 3rd quarter. Barclays PLC now owns 27,139 shares of the basic materials company’s stock valued at $774,000 after purchasing an additional 20,966 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CLW shares. Royal Bank of Canada reiterated an “outperform” rating and set a $37.00 price target on shares of Clearwater Paper in a report 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.

Clearwater Paper Stock Performance

Clearwater Paper stock opened at $24.90 on Tuesday. The stock has a fifty day moving average price of $27.99 and a 200 day moving average price of $27.88. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13. The firm has a market capitalization of $402.81 million, a P/E ratio of 2.12 and a beta of 0.37. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data 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%.

Insiders Place Their Bets

In other news, SVP Kari G. Moyes sold 1,132 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.