Price T Rowe Associates Inc. MD Sells 27,848 Shares of Clearwater Paper Co. (NYSE:CLW)

Price T Rowe Associates Inc. MD reduced its stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 59.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,042 shares of the basic materials company's stock after selling 27,848 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.11% of Clearwater Paper worth $567,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in Clearwater Paper in the 4th quarter valued at $217,000. Cornerstone Investment Partners LLC bought a new stake in Clearwater Paper in the 4th quarter valued at $226,000. D.A. Davidson & CO. increased its holdings in 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 buying an additional 800 shares during the period. Tower Research Capital LLC TRC increased its holdings in Clearwater Paper by 157.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,258 shares of the basic materials company's stock valued at $276,000 after buying an additional 5,658 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Clearwater Paper by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company's stock valued at $312,000 after buying an additional 2,176 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Price Performance

Shares of Clearwater Paper stock traded up $0.44 during mid-day trading on Monday, reaching $29.75. 194,482 shares of the stock were exchanged, compared to its average volume of 315,195. Clearwater Paper Co. has a fifty-two week low of $22.58 and a fifty-two week high of $57.13. The company has a market cap of $483.62 million, a price-to-earnings ratio of 2.54 and a beta of 0.16. The firm has a 50-day simple moving average of $25.44 and a 200 day simple 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.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.53). The firm had revenue of $378.20 million for the quarter, compared to the consensus estimate of $387.00 million. Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CLW shares. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the sale, the senior vice president now directly owns 81,439 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.55% of the company's stock.

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.