Alliancebernstein L.P. Sells 4,850 Shares of Clearwater Paper Co. (NYSE:CLW)

Alliancebernstein L.P. lessened its holdings in Clearwater Paper Co. (NYSE:CLW) by 33.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,608 shares of the basic materials company’s stock after selling 4,850 shares during the period. Alliancebernstein L.P.’s holdings in Clearwater Paper were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CLW. Virtu Financial LLC acquired a new position in shares of Clearwater Paper during the fourth quarter worth $217,000. Cornerstone Investment Partners LLC acquired a new position in Clearwater Paper during the 4th quarter worth about $226,000. D.A. Davidson & CO. grew its position in shares of 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 last quarter. HighTower Advisors LLC increased its stake in shares of Clearwater Paper by 124.0% in the third 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 bought a new position in shares of Clearwater Paper during the fourth quarter worth about $378,000. 89.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 value of $27,145.36. Following the transaction, the senior vice president now owns 81,439 shares of the company’s stock, valued at approximately $1,952,907.22. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.55% of the stock is owned by company insiders.

Clearwater Paper Stock Down 1.0 %

Clearwater Paper stock opened at $24.42 on Tuesday. 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 capitalization of $396.58 million, a PE ratio of 2.08 and a beta of 0.22. The firm’s fifty day moving average is $25.33 and its 200 day moving average is $27.27. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.84). Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Analyst Ratings Changes

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

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.