Clearwater Paper Co. (NYSE:CLW) Holdings Trimmed by Anchor Capital Management Company LLC

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

Several other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Clearwater Paper during the 4th quarter valued at $217,000. Cornerstone Investment Partners LLC purchased a new stake in Clearwater Paper in the fourth quarter worth about $226,000. Aquatic Capital Management LLC lifted its position in shares of 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 valued at $240,000 after buying an additional 2,984 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Clearwater Paper by 10.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock worth $259,000 after acquiring an additional 800 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Clearwater Paper by 157.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,258 shares of the basic materials company's stock worth $276,000 after acquiring an additional 5,658 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clearwater Paper

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.98, for a total value of $27,145.36. Following the sale, the senior vice president now owns 81,439 shares in the company, valued at approximately $1,952,907.22. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.55% of the company's stock.

Clearwater Paper Stock Down 2.8 %

CLW traded down $0.74 during trading on Tuesday, hitting $25.28. The stock had a trading volume of 461,844 shares, compared to its average volume of 312,395. The stock has a 50 day simple moving average of $24.81 and a two-hundred day simple moving average of $27.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. Clearwater Paper Co. has a twelve month low of $22.58 and a twelve month high of $57.13. The company has a market capitalization of $410.95 million, a PE ratio of 2.16 and a beta of 0.16.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted 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 company had revenue of $378.20 million for the quarter, compared to analyst estimates of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Analysts Set New Price Targets

CLW has been the subject of a number of analyst reports. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a research note on Tuesday, February 18th.

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.