Anchor Capital Management Company LLC Sells 82,800 Shares of Clearwater Paper Co. (NYSE:CLW)

Anchor Capital Management Company LLC reduced its position in Clearwater Paper Co. (NYSE:CLW - Free Report) by 35.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,053 shares of the basic materials company's stock after selling 82,800 shares during the period. Clearwater Paper comprises about 3.9% of Anchor Capital Management Company LLC's portfolio, making the stock its 7th biggest holding. Anchor Capital Management Company LLC owned about 0.92% of Clearwater Paper worth $4,556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Clearwater Paper during the fourth quarter valued at approximately $217,000. Cornerstone Investment Partners LLC purchased a new position in Clearwater Paper in the 4th quarter valued at $226,000. Aquatic Capital Management LLC boosted its stake in Clearwater Paper by 58.6% during the 4th quarter. Aquatic Capital Management LLC now owns 8,078 shares of the basic materials company's stock worth $240,000 after purchasing an additional 2,984 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock worth $259,000 after buying an additional 800 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Clearwater Paper by 157.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,258 shares of the basic materials company's stock worth $276,000 after buying an additional 5,658 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Clearwater Paper Stock Up 5.1 %

Shares of CLW traded up $1.32 during midday trading on Thursday, reaching $27.35. The stock had a trading volume of 142,253 shares, compared to its average volume of 311,796. 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 company's fifty day simple moving average is $24.81 and its two-hundred day simple moving average is $27.09. The company has a market cap of $444.60 million, a price-to-earnings ratio of 2.33 and a beta of 0.16. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.53). The business had revenue of $378.20 million for the quarter, compared to analyst estimates of $387.00 million. 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 news, SVP Kari G. Moyes sold 2,778 shares of the stock in a transaction that occurred on 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 directly owns 83,799 shares of the company's stock, valued at approximately $2,239,109.28. This represents a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CLW. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research note 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.