Los Angeles Capital Management LLC Decreases Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Los Angeles Capital Management LLC trimmed its stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,440 shares of the basic materials company's stock after selling 33,110 shares during the quarter. Los Angeles Capital Management LLC owned 0.21% of Clearwater Paper worth $1,244,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Strs Ohio boosted its stake in Clearwater Paper by 3.0% during the fourth quarter. Strs Ohio now owns 17,000 shares of the basic materials company's stock valued at $614,000 after buying an additional 500 shares during the period. GAMMA Investing LLC bought a new stake in shares of Clearwater Paper during the 4th quarter valued at about $29,000. New York State Teachers Retirement System grew its holdings in shares of Clearwater Paper by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 36,120 shares of the basic materials company's stock worth $1,305,000 after purchasing an additional 897 shares in the last quarter. TD Asset Management Inc increased its position in shares of Clearwater Paper by 11.2% in the third quarter. TD Asset Management Inc now owns 18,900 shares of the basic materials company's stock worth $685,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Clearwater Paper in the third quarter valued at approximately $210,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Clearwater Paper Trading Up 1.3 %

CLW traded up $0.61 on Thursday, hitting $49.30. 135,188 shares of the company were exchanged, compared to its average volume of 181,350. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.82 and a current ratio of 1.91. The firm has a fifty day simple moving average of $41.84 and a two-hundred day simple moving average of $37.58. The stock has a market capitalization of $822.32 million, a PE ratio of 8.24 and a beta of 0.51. Clearwater Paper Co. has a 12 month low of $29.22 and a 12 month high of $49.44.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its earnings results on Monday, April 29th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.32. Clearwater Paper had a net margin of 4.92% and a return on equity of 17.35%. The firm had revenue of $496.20 million for the quarter. During the same quarter in the prior year, the business posted $1.47 EPS.

Analysts Set New Price Targets

CLW has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on shares of Clearwater Paper from $41.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 30th. StockNews.com lowered Clearwater Paper from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 22nd.

Clearwater Paper 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.