Clearwater Paper Co. (NYSE:CLW) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 13.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,193 shares of the basic materials company's stock after selling 18,937 shares during the period. Wedge Capital Management L L P NC owned about 0.75% of Clearwater Paper worth $3,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of Clearwater Paper by 2,384.8% during the first quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company's stock worth $91,000 after buying an additional 3,458 shares in the last quarter. LM Asset IM Inc. acquired a new position in shares of Clearwater Paper during the fourth quarter worth about $1,259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Clearwater Paper by 2.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,038 shares of the basic materials company's stock worth $1,341,000 after buying an additional 877 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Clearwater Paper by 201.4% during the fourth quarter. Squarepoint Ops LLC now owns 34,788 shares of the basic materials company's stock worth $1,036,000 after buying an additional 23,247 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Clearwater Paper by 65.5% during the fourth quarter. Two Sigma Advisers LP now owns 46,500 shares of the basic materials company's stock worth $1,384,000 after buying an additional 18,400 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Stock Down 4.0%

Shares of Clearwater Paper stock traded down $1.15 on Friday, reaching $27.53. 114,659 shares of the company were exchanged, compared to its average volume of 318,615. The stock's 50 day moving average price is $27.07 and its 200-day moving average price is $27.50. 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 company has a market cap of $447.53 million, a P/E ratio of 2.35 and a beta of 0.13. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). The business had revenue of $378.20 million during 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%.

Analyst Ratings Changes

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

Insider Activity at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of the company's 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 completion of the transaction, the senior vice president now directly 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 SEC, which is available through this hyperlink. 3.55% of the stock is currently owned by corporate insiders.

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.