O Shaughnessy Asset Management LLC Has $1.19 Million Stake in Clearwater Paper Co. (NYSE:CLW)

O Shaughnessy Asset Management LLC reduced its position in shares of Clearwater Paper Co. (NYSE:CLW) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,011 shares of the basic materials company’s stock after selling 10,414 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.24% of Clearwater Paper worth $1,191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Virtu Financial LLC acquired a new stake in Clearwater Paper during the 4th quarter worth about $217,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Clearwater Paper during the fourth quarter worth approximately $226,000. D.A. Davidson & CO. grew its position in Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 800 shares in the last quarter. HighTower Advisors LLC increased its stake in Clearwater Paper by 124.0% in the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock valued at $361,000 after buying an additional 6,865 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Clearwater Paper in the 4th quarter worth approximately $378,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analyst Ratings Changes

CLW has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Clearwater Paper in a research note on Tuesday, February 18th. StockNews.com upgraded 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 2,778 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $26.72, for a total transaction of $74,228.16. Following the completion of the transaction, the senior vice president now owns 83,799 shares of the company’s stock, valued at $2,239,109.28. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

Clearwater Paper Stock Up 0.3 %

Clearwater Paper stock opened at $24.80 on Monday. The company has a market capitalization of $402.75 million, a P/E ratio of 2.11 and a beta of 0.22. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The firm’s fifty day simple moving average is $27.11 and its 200-day simple moving average is $27.62. 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) last announced its quarterly earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.84). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

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.