Charles Schwab Investment Management Inc. Trims Position in Clearfield, Inc. (NASDAQ:CLFD)

Charles Schwab Investment Management Inc. trimmed its position in Clearfield, Inc. (NASDAQ:CLFD) by 6.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 91,535 shares of the communications equipment provider’s stock after selling 6,091 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Clearfield were worth $2,838,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Barclays PLC lifted its stake in Clearfield by 164.2% in the 3rd quarter. Barclays PLC now owns 87,971 shares of the communications equipment provider’s stock worth $3,428,000 after purchasing an additional 54,670 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Clearfield by 45.5% in the fourth quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider’s stock worth $164,000 after purchasing an additional 1,656 shares during the period. Janus Henderson Group PLC raised its position in shares of Clearfield by 2.7% in the third quarter. Janus Henderson Group PLC now owns 30,062 shares of the communications equipment provider’s stock worth $1,171,000 after buying an additional 794 shares in the last quarter. Quantbot Technologies LP bought a new stake in Clearfield during the third quarter valued at $53,000. Finally, Drum Hill Capital LLC purchased a new position in Clearfield during the fourth quarter worth about $1,539,000. 88.73% of the stock is currently owned by institutional investors.

Insider Transactions at Clearfield

In related news, COO John P. Hill sold 16,539 shares of Clearfield stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $33.26, for a total value of $550,087.14. Following the transaction, the chief operating officer now owns 189,886 shares in the company, valued at $6,315,608.36. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CLFD. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Clearfield in a report on Wednesday. StockNews.com upgraded shares of Clearfield from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.75.

Clearfield Trading Down 2.4 %

NASDAQ CLFD opened at $30.53 on Friday. The company has a quick ratio of 7.41, a current ratio of 10.57 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $33.34 and its two-hundred day simple moving average is $34.14. Clearfield, Inc. has a twelve month low of $26.94 and a twelve month high of $44.83. The company has a market capitalization of $431.45 million, a price-to-earnings ratio of -48.46 and a beta of 1.26.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. Clearfield had a negative return on equity of 3.31% and a negative net margin of 5.41%. Research analysts forecast that Clearfield, Inc. will post -0.29 EPS for the current fiscal year.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.