Clearwater Paper Co. (NYSE:CLW) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in Clearwater Paper Co. (NYSE:CLW) by 49.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,440 shares of the basic materials company’s stock after selling 33,110 shares during the period. Los Angeles Capital Management LLC owned 0.21% of Clearwater Paper worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Clearwater Paper by 2.8% during the third quarter. Invesco Ltd. now owns 420,359 shares of the basic materials company’s stock worth $15,238,000 after buying an additional 11,293 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Clearwater Paper by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,719 shares of the basic materials company’s stock worth $11,662,000 after acquiring an additional 14,733 shares during the period. American Century Companies Inc. grew its stake in Clearwater Paper by 8.9% during the 3rd quarter. American Century Companies Inc. now owns 284,146 shares of the basic materials company’s stock valued at $10,300,000 after purchasing an additional 23,231 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Clearwater Paper by 47.2% in the third quarter. Assenagon Asset Management S.A. now owns 153,165 shares of the basic materials company’s stock valued at $5,552,000 after purchasing an additional 49,141 shares during the period. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Clearwater Paper by 32.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 126,056 shares of the basic materials company’s stock valued at $4,553,000 after purchasing an additional 31,010 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

CLW opened at $48.69 on Thursday. The firm has a fifty day moving average price of $41.64 and a 200 day moving average price of $37.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.91 and a quick ratio of 0.82. Clearwater Paper Co. has a 1 year low of $29.22 and a 1 year high of $48.90. The stock has a market cap of $812.15 million, a P/E ratio of 8.14 and a beta of 0.51.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Monday, April 29th. The basic materials company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.32. Clearwater Paper had a return on equity of 17.35% and a net margin of 4.92%. The company had revenue of $496.20 million during the quarter. During the same period in the previous year, the company posted $1.47 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank of Canada upped their target price on Clearwater Paper from $41.00 to $42.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. StockNews.com downgraded 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.