Jacobs Levy Equity Management Inc. Sells 9,468 Shares of Clearwater Paper Co. (NYSE:CLW)

Jacobs Levy Equity Management Inc. reduced its holdings in Clearwater Paper Co. (NYSE:CLW - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,292 shares of the basic materials company's stock after selling 9,468 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.32% of Clearwater Paper worth $1,587,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. lifted its stake in Clearwater Paper by 7.3% during the fourth 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 period. Wedge Capital Management L L P NC boosted its stake 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Clearwater Paper during the fourth quarter worth $378,000. Victory Capital Management Inc. lifted its holdings in shares of Clearwater Paper by 23.4% during the fourth quarter. Victory Capital Management Inc. now owns 61,990 shares of the basic materials company's stock valued at $1,845,000 after acquiring an additional 11,750 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Clearwater Paper by 10.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock valued at $259,000 after purchasing an additional 800 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Price Performance

NYSE CLW traded down $0.09 on Tuesday, hitting $29.67. 165,941 shares of the company were exchanged, compared to its average volume of 314,601. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The firm has a 50 day moving average of $25.44 and a two-hundred day moving average of $27.18. 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 company has a market cap of $482.32 million, a P/E ratio of 2.53 and a beta of 0.16.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.54% and a negative return on equity of 1.87%. The firm had revenue of $378.20 million during the quarter, compared to the consensus estimate of $387.00 million.

Wall Street Analysts Forecast Growth

CLW has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th.

Insider Activity

In related news, SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.98, for a total value 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. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.55% of the company's stock.

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.