Price T Rowe Associates Inc. MD Reduces Position in Clearwater Paper Co. (NYSE:CLW)

Price T Rowe Associates Inc. MD trimmed its holdings in Clearwater Paper Co. (NYSE:CLW - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the 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 reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in Clearwater Paper during the fourth quarter worth about $5,418,000. Cramer Rosenthal Mcglynn LLC raised its position in Clearwater Paper by 322.8% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company's stock worth $6,498,000 after acquiring an additional 166,653 shares during the last quarter. Peregrine Capital Management LLC acquired a new position in Clearwater Paper during the fourth quarter worth about $4,328,000. Trexquant Investment LP acquired a new position in Clearwater Paper during the fourth quarter worth about $2,753,000. Finally, KRYGER CAPITAL Ltd acquired a new position in Clearwater Paper during the fourth quarter worth about $2,707,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of the firm'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 completion of the transaction, the senior vice president now owns 81,439 shares in the company, valued at approximately $1,952,907.22. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

CLW has been the subject of a number of analyst reports. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th.

Clearwater Paper Price Performance

CLW opened at $28.58 on Wednesday. The company has a market cap of $464.60 million, a P/E ratio of 2.44 and a beta of 0.16. The company has a 50 day moving average of $25.01 and a two-hundred day moving average of $27.09. 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 Co. has a 52-week low of $22.58 and a 52-week high of $57.13.

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

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.

Want to see what other hedge funds are holding CLW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clearwater Paper Co. (NYSE:CLW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.