Clearwater Paper Co. (NYSE:CLW) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Clearwater Paper Co. (NYSE:CLW) by 78.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,800 shares of the basic materials company’s stock after selling 27,962 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Clearwater Paper were worth $232,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. grew its holdings in Clearwater Paper by 10.1% in the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Clearwater Paper by 2.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,161 shares of the basic materials company’s stock valued at $1,260,000 after acquiring an additional 1,117 shares during the last quarter. PEAK6 Investments LLC increased its holdings 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 valued at $260,000 after acquiring an additional 1,227 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Clearwater Paper by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company’s stock worth $1,739,000 after acquiring an additional 2,404 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Clearwater Paper by 5.1% in the fourth quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company’s stock valued at $3,333,000 after purchasing an additional 5,428 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Price Performance

Clearwater Paper stock opened at $24.27 on Monday. The stock has a market capitalization of $392.57 million, a P/E ratio of 2.07 and a beta of 0.37. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13. 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 firm’s 50-day moving average is $28.07 and its two-hundred day moving average is $27.92.

Clearwater Paper (NYSE:CLW) last released its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.84). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Insider Activity at Clearwater Paper

In other Clearwater Paper news, SVP Kari G. Moyes sold 2,778 shares of Clearwater Paper 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CLW. Royal Bank of Canada restated an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com raised Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, February 17th.

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.