Clearwater Paper Co. (NYSE:CLW) Shares Sold by Northern Trust Corp

Northern Trust Corp lessened its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,172 shares of the basic materials company's stock after selling 12,248 shares during the quarter. Northern Trust Corp owned approximately 1.00% of Clearwater Paper worth $4,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Clearwater Paper by 7.3% during the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock worth $18,967,000 after purchasing an additional 43,604 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Clearwater Paper during the 4th quarter worth $378,000. Victory Capital Management Inc. boosted its stake in Clearwater Paper by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 61,990 shares of the basic materials company's stock worth $1,845,000 after purchasing an additional 11,750 shares during the last quarter. D.A. Davidson & CO. boosted its stake in 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 purchasing an additional 800 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Clearwater Paper during the 4th quarter worth $5,418,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CLW. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th. Wall Street Zen raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th.

Insider Activity

In related news, SVP Kari G. Moyes sold 2,778 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $26.72, for a total value of $74,228.16. Following the sale, the senior vice president now directly owns 83,799 shares in the company, valued at approximately $2,239,109.28. The trade was a 3.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.55% of the company's stock.

Clearwater Paper Trading Down 1.0%

Shares of CLW stock traded down $0.28 on Friday, hitting $28.97. 188,528 shares of the stock traded hands, compared to its average volume of 315,780. The firm's 50-day moving average price is $25.87 and its two-hundred day moving average price is $27.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The stock has a market capitalization of $470.94 million, a PE ratio of 2.47 and a beta of 0.16. Clearwater Paper Co. has a twelve month low of $22.58 and a twelve month high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share 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 analyst estimates of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

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.