Dimensional Fund Advisors LP Sells 68,508 Shares of Clearwater Paper Co. (NYSE:CLW)

Dimensional Fund Advisors LP lowered its position in Clearwater Paper Co. (NYSE:CLW - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,296,125 shares of the basic materials company's stock after selling 68,508 shares during the quarter. Dimensional Fund Advisors LP owned about 7.82% of Clearwater Paper worth $38,585,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Clearwater Paper during the fourth quarter worth about $217,000. Cornerstone Investment Partners LLC bought a new position in Clearwater Paper in the 4th quarter worth approximately $226,000. D.A. Davidson & CO. grew its stake 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 valued at $259,000 after buying an additional 800 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Clearwater Paper by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company's stock valued at $312,000 after acquiring an additional 2,176 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Clearwater Paper during the fourth quarter worth $367,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

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

Clearwater Paper Price Performance

NYSE CLW traded down $0.40 on Friday, hitting $26.97. The stock had a trading volume of 179,868 shares, compared to its average volume of 313,784. The firm has a 50-day moving average of $24.89 and a 200-day moving average of $27.08. The company has a market capitalization of $438.42 million, a price-to-earnings ratio of 2.30 and a beta of 0.16. 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 52-week low of $22.58 and a 52-week high of $57.13.

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 business had revenue of $378.20 million for the quarter, compared to the consensus estimate of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Insider Activity

In other news, SVP Kari G. Moyes sold 1,132 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction 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 trade represents a 1.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.55% of the company's stock.

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.