Clearwater Paper Co. (NYSE:CLW) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in Clearwater Paper Co. (NYSE:CLW - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,918 shares of the basic materials company's stock after selling 39,466 shares during the period. Ameriprise Financial Inc. owned approximately 1.36% of Clearwater Paper worth $6,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Exchange Traded Concepts LLC increased its holdings in 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 acquiring an additional 2,404 shares during the last quarter. Empowered Funds LLC increased its stake in 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 period. D.A. Davidson & CO. increased its stake 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 valued at $259,000 after buying an additional 800 shares during the period. Peregrine Capital Management LLC bought a new stake in shares of Clearwater Paper during the fourth quarter valued at approximately $4,328,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Clearwater Paper during the fourth quarter valued at approximately $226,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of the business'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 directly owns 81,439 shares in the company, valued at $1,952,907.22. The trade was a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.55% of the company's stock.

Clearwater Paper Trading Down 0.8%

Shares of CLW stock traded down $0.25 on Wednesday, reaching $30.05. 10,037 shares of the company's stock were exchanged, compared to its average volume of 315,078. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $488.49 million, a PE ratio of 2.55 and a beta of 0.16. The company's fifty day simple moving average is $26.07 and its 200 day simple moving average is $27.26.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th.

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.