CANADA LIFE ASSURANCE Co Has $53,000 Holdings in Clearwater Paper Co. (NYSE:CLW)

CANADA LIFE ASSURANCE Co trimmed its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 89.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,785 shares of the basic materials company's stock after selling 15,320 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Clearwater Paper were worth $53,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of Clearwater Paper in the fourth quarter valued at $217,000. Cornerstone Investment Partners LLC acquired a new position in shares of Clearwater Paper during the 4th quarter valued at about $226,000. D.A. Davidson & CO. lifted its holdings in shares of Clearwater Paper by 10.1% during 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 during the period. Wells Fargo & Company MN boosted its position in shares of Clearwater Paper by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company's stock worth $312,000 after acquiring an additional 2,176 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Clearwater Paper in the fourth quarter valued at approximately $367,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Stock Performance

CLW stock traded down $0.21 on Tuesday, reaching $25.82. The company's stock had a trading volume of 17,479 shares, compared to its average volume of 310,273. The firm has a fifty day moving average of $24.83 and a two-hundred day moving average of $27.11. 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 has a market capitalization of $419.65 million, a P/E ratio of 2.20 and a beta of 0.16. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%. The business had revenue of $378.20 million during the quarter, compared to analyst estimates of $387.00 million.

Insider Activity

In other news, SVP Kari G. Moyes sold 1,132 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the transaction, the senior vice president now owns 81,439 shares of the company's stock, valued at approximately $1,952,907.22. This represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.