6 days Ago By Defense World Staff
Legal & General Group Plc lowered its holdings in Clearwater Paper Co. (NYSE:CLW – Free Report) by 61.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The firm owned 18,317 shares of the basic materials company’s stock after selling 29,214 shares during the quarter. Legal & General Group Plc owned 0.11% of Clearwater Paper worth $545,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Clearwater Paper by 339.6% during the third quarter.
Barclays PLC now owns 27,139 shares of the basic materials company’s stock worth $774,000 after purchasing an additional 20,966 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Clearwater Paper by 14.7% in the fourth quarter.
Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company’s stock valued at $4,201,000 after purchasing an additional 18,139 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Clearwater Paper by 4.3% during the 4th quarter.
Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company’s stock worth $1,739,000 after acquiring an additional 2,404 shares in the last quarter. Empowered Funds LLC increased its position in shares of Clearwater Paper by 5.1% during the fourth quarter.
Empowered Funds LLC now owns 111,947 shares of the basic materials company’s stock worth $3,333,000 after purchasing an additional 5,428 shares in the last quarter. Finally, D.A.
Davidson & CO. increased 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 worth $259,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.
Clearwater Paper Price PerformanceCLW stock opened at $24.43 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 stock has a market capitalization of $396.74 million, a price-to-earnings ratio of 2.08 and a beta of 0.
22. The stock’s fifty day simple moving average is $24.99 and its 200-day simple moving average is $27.
18. Clearwater Paper Co. has a 52-week low of $22.
58 and a 52-week high of $57.13. Clearwater Paper (NYSE:CLW – Get Free Report) last issued its earnings results on Thursday, February 13th.
The basic materials company reported ($1.17) earnings per share (EPS) 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%. Insiders Place Their BetsIn other news, SVP Kari G. Moyes sold 2,778 shares of the stock in a transaction that occurred on Thursday, February 27th.
The stock was sold at an average price of $26.72, for a total transaction of $74,228.16.
Following the sale, the senior vice president now directly owns 83,799 shares in the company, valued at approximately $2,239,109.28. This represents a 3.
21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.
55% of the stock is currently owned by company insiders. Analyst Ratings ChangesSeveral analysts have commented on CLW shares. StockNews.
com raised 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 objective on shares of Clearwater Paper in a research note on Tuesday, February 18th.
View Our Latest Stock Analysis on CLWAbout Clearwater Paper (Free Report)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.
Read MoreFive stocks we like better than Clearwater PaperThe Basics of Support and ResistanceBest Defense Stocks in 2025...
So FarStock Ratings and Recommendations: Understanding Analyst RatingsAlphabet Rebounds After Strong Earnings and Buyback AnnouncementDifferences Between Momentum Investing and Long Term Investing Could Selling Taiwan Semiconductor Be Buffett’s Biggest Regret?.
