Ancora Advisors LLC Increases Holdings in Clearwater Paper Co. (NYSE:CLW)

Ancora Advisors LLC raised its stake in Clearwater Paper Co. (NYSE:CLW) by 215.8% during the fourth quarter, HoldingsChannel reports. The fund owned 31,581 shares of the basic materials company’s stock after buying an additional 21,581 shares during the period. Ancora Advisors LLC’s holdings in Clearwater Paper were worth $940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC increased its stake in Clearwater Paper by 339.6% during the 3rd quarter. Barclays PLC now owns 27,139 shares of the basic materials company’s stock valued at $774,000 after purchasing an additional 20,966 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Clearwater Paper by 14.7% during 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 acquiring an additional 18,139 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Clearwater Paper by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company’s stock valued at $1,739,000 after acquiring an additional 2,404 shares in the last quarter. Empowered Funds LLC boosted its stake in Clearwater Paper by 5.1% during the 4th quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company’s stock valued at $3,333,000 after purchasing an additional 5,428 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings 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 worth $259,000 after purchasing an additional 800 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Clearwater Paper Stock Down 1.1 %

Clearwater Paper stock opened at $26.10 on Tuesday. The stock has a market cap of $424.33 million, a PE ratio of 2.23 and a beta of 0.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The stock has a fifty day moving average of $24.83 and a 200 day moving average of $27.11. Clearwater Paper Co. has a one year low of $22.58 and a one year high of $57.13.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.53). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%. The business had revenue of $378.20 million during the quarter, compared to the consensus estimate of $387.00 million.

Insider Activity

In other news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the transaction, the senior vice president now directly owns 81,439 shares of the company’s stock, valued at $1,952,907.22. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.55% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CLW. Royal Bank of Canada restated an “outperform” rating and set a $37.00 target price on shares of Clearwater Paper in a research note 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.

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.