Northern Trust Corp Lowers Position in Clearwater Paper Co. (NYSE:CLW)

Northern Trust Corp reduced its stake in Clearwater Paper Co. (NYSE:CLW) by 6.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 165,172 shares of the basic materials company’s stock after selling 12,248 shares during the period. Northern Trust Corp’s holdings in Clearwater Paper were worth $4,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Clearwater Paper during the fourth quarter worth $5,418,000. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Clearwater Paper by 322.8% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company’s stock valued at $6,498,000 after buying an additional 166,653 shares during the period. Peregrine Capital Management LLC acquired a new position in Clearwater Paper during the 4th quarter worth about $4,328,000. Trexquant Investment LP purchased a new position in Clearwater Paper during the 4th quarter valued at about $2,753,000. Finally, KRYGER CAPITAL Ltd purchased a new position in Clearwater Paper during the 4th quarter valued at about $2,707,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLW. StockNews.com upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Royal Bank of Canada restated an “outperform” rating and issued a $37.00 price objective on shares of Clearwater Paper in a report on Tuesday, February 18th.

Insider Buying and Selling at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 81,439 shares of the company’s stock, valued at approximately $1,952,907.22. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.55% of the stock is owned by corporate insiders.

Clearwater Paper Stock Performance

NYSE:CLW opened at $29.10 on Thursday. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13. The company has a fifty day simple moving average of $25.67 and a two-hundred day simple moving average of $27.21. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. The company has a market cap of $473.02 million, a price-to-earnings ratio of 2.48 and a beta of 0.16.

Clearwater Paper (NYSE:CLW) last released its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share (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 company had revenue of $378.20 million during the quarter, compared to analysts’ expectations of $387.00 million.

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.