Northern Trust Corp Cuts Position in Clearwater Paper Co. (NYSE:CLW)

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

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Clearwater Paper by 7.3% in the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock valued at $18,967,000 after acquiring an additional 43,604 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Clearwater Paper by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company's stock worth $11,523,000 after purchasing an additional 4,973 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Clearwater Paper by 33.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company's stock worth $8,069,000 after purchasing an additional 68,558 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Clearwater Paper by 322.8% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company's stock worth $6,498,000 after purchasing an additional 166,653 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Clearwater Paper in the fourth quarter worth $5,418,000. Institutional investors own 89.98% of the company's stock.

Insider Buying and Selling at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.98, for a total value 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.55% of the company's stock.

Wall Street Analysts Forecast Growth

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

Clearwater Paper Price Performance

Shares of NYSE CLW traded up $1.30 during mid-day trading on Tuesday, reaching $30.23. The company's stock had a trading volume of 201,588 shares, compared to its average volume of 316,281. The firm has a market capitalization of $491.42 million, a PE ratio of 2.58 and a beta of 0.16. 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 stock has a fifty day moving average of $26.07 and a two-hundred day moving average of $27.26. 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 earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%. The firm had revenue of $378.20 million during the quarter, compared to analysts' expectations of $387.00 million.

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.