MYDA Advisors LLC Sells 12,770 Shares of Clearwater Paper Co. (NYSE:CLW)

MYDA Advisors LLC decreased its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,538 shares of the basic materials company's stock after selling 12,770 shares during the period. MYDA Advisors LLC owned about 0.65% of Clearwater Paper worth $3,201,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of Clearwater Paper by 124.0% during the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock worth $361,000 after buying an additional 6,865 shares during the period. Barclays PLC lifted its holdings 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 acquiring an additional 20,966 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Clearwater Paper by 14.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company's stock valued at $4,201,000 after purchasing an additional 18,139 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Clearwater Paper by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company's stock worth $1,739,000 after purchasing an additional 2,404 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Clearwater Paper by 5.1% in the 4th quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company's stock worth $3,333,000 after purchasing an additional 5,428 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of the company's stock in a transaction 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 represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.55% of the company's stock.

Clearwater Paper Price Performance

Shares of NYSE:CLW traded down $0.57 during midday trading on Friday, reaching $24.10. The company's stock had a trading volume of 88,980 shares, compared to its average volume of 306,116. The business's fifty day simple moving average is $25.14 and its 200-day simple moving average is $27.22. The company has a market capitalization of $391.30 million, a P/E ratio of 2.05 and a beta of 0.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90. Clearwater Paper Co. has a fifty-two week low of $22.58 and a fifty-two week high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its 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%.

Clearwater Paper Company 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.