Bank of New York Mellon Corp Decreases Position in Clearwater Paper Co. (NYSE:CLW)

Bank of New York Mellon Corp cut its position in Clearwater Paper Co. (NYSE:CLW) by 57.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 54,978 shares of the basic materials company’s stock after selling 74,073 shares during the quarter. Bank of New York Mellon Corp’s holdings in Clearwater Paper were worth $1,637,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CLW. Paloma Partners Management Co bought a new stake in shares of Clearwater Paper in the third quarter worth approximately $209,000. D.A. Davidson & CO. grew its stake in shares of Clearwater Paper by 23.4% in the third quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 1,500 shares during the period. PEAK6 Investments LLC grew its stake in shares of Clearwater Paper by 15.5% in the third quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company’s stock worth $260,000 after acquiring an additional 1,227 shares during the period. HighTower Advisors LLC grew 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 worth $361,000 after acquiring an additional 6,865 shares during the period. Finally, Barclays PLC grew its stake in shares of Clearwater Paper by 339.6% in the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company’s stock worth $774,000 after acquiring an additional 20,966 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clearwater Paper

In other Clearwater Paper news, SVP Kari G. Moyes sold 2,778 shares of Clearwater Paper stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Clearwater Paper Stock Performance

Shares of NYSE CLW opened at $24.27 on Friday. The firm has a 50 day moving average of $28.07 and a 200 day moving average of $27.94. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $392.57 million, a price-to-earnings ratio of 2.07 and a beta of 0.37. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (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 Upgrades and Downgrades

A number of analysts have recently commented on the stock. 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 reiterated an “outperform” rating and issued a $37.00 price target on shares of Clearwater Paper in a research note on Tuesday, February 18th.

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.