Clearwater Paper Co. (NYSE:CLW) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Clearwater Paper Co. (NYSE:CLW) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,841 shares of the basic materials company’s stock after selling 58,201 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Clearwater Paper were worth $5,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CLW. Paloma Partners Management Co acquired a new stake in shares of Clearwater Paper in the third quarter valued at about $209,000. D.A. Davidson & CO. boosted its holdings in Clearwater Paper by 23.4% in the 3rd quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 1,500 shares during the period. PEAK6 Investments LLC grew its position in Clearwater Paper by 15.5% in the third 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. HighTower Advisors LLC grew its position in Clearwater Paper by 124.0% in the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Clearwater Paper by 339.6% during the third 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 during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Clearwater Paper Price Performance

CLW stock opened at $24.90 on Tuesday. The stock’s 50 day moving average is $27.99 and its two-hundred day moving average is $27.88. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13. The company has a market capitalization of $402.81 million, a PE ratio of 2.12 and a beta of 0.37. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Clearwater Paper

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the transaction, the senior vice president now owns 81,439 shares of the company’s stock, valued at $1,952,907.22. This trade represents a 1.37 % decrease in their position. 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.

About Clearwater Paper

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.