Clearwater Paper Co. (NYSE:CLW) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in Clearwater Paper Co. (NYSE:CLW - Free Report) by 85.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,690 shares of the basic materials company's stock after selling 388,279 shares during the period. Invesco Ltd. owned 0.41% of Clearwater Paper worth $2,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its position in Clearwater Paper by 339.6% in the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock worth $774,000 after acquiring an additional 20,966 shares during the period. American Century Companies Inc. increased its position in shares of 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. Wedge Capital Management L L P NC raised its holdings in Clearwater Paper by 14.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company's stock valued at $4,201,000 after buying an additional 18,139 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Clearwater Paper in the fourth quarter valued at about $378,000. Finally, D.A. Davidson & CO. boosted its stake in 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 worth $259,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Clearwater Paper Stock Down 1.6 %

CLW stock traded down $0.43 during midday trading on Monday, hitting $25.97. The company's stock had a trading volume of 19,373 shares, compared to its average volume of 293,104. The firm has a market capitalization of $421.75 million, a P/E ratio of 2.21 and a beta of 0.22. The firm has a 50-day simple moving average of $24.85 and a 200-day simple moving average of $27.13. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced 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). Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%. The company had revenue of $378.20 million during the quarter, compared to analysts' expectations of $387.00 million.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 81,439 shares in the company, valued at $1,952,907.22. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CLW has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price target 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 note on Monday, February 17th.

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.