American Century Companies Inc. Sells 73,412 Shares of Clearwater Paper Corporation $CLW

American Century Companies Inc. decreased its holdings in shares of Clearwater Paper Corporation (NYSE:CLW) by 12.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 524,538 shares of the basic materials company’s stock after selling 73,412 shares during the period. American Century Companies Inc.’s holdings in Clearwater Paper were worth $14,288,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. CWM LLC grew its holdings in shares of Clearwater Paper by 2,215.1% during the second quarter. CWM LLC now owns 3,380 shares of the basic materials company’s stock valued at $92,000 after buying an additional 3,234 shares during the last quarter. Summit Securities Group LLC bought a new position in Clearwater Paper in the 1st quarter valued at about $98,000. Caxton Associates LLP acquired a new position in Clearwater Paper during the 1st quarter valued at about $204,000. Bailard Inc. acquired a new position in Clearwater Paper during the 2nd quarter valued at about $251,000. Finally, Strs Ohio bought a new stake in Clearwater Paper during the 1st quarter worth approximately $244,000. 89.98% of the stock is owned by institutional investors.

Clearwater Paper Stock Up 1.8%

Shares of NYSE:CLW opened at $18.12 on Thursday. The company has a market capitalization of $290.66 million, a PE ratio of 2.16 and a beta of 0.21. Clearwater Paper Corporation has a 1 year low of $16.44 and a 1 year high of $33.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.10 and a quick ratio of 0.88. The business has a fifty day moving average price of $18.80 and a two-hundred day moving average price of $23.33.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share for the quarter. Clearwater Paper had a negative return on equity of 3.65% and a net margin of 9.14%.The company had revenue of ($358.30) million during the quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Paper in a report on Monday. Cowen assumed coverage on Clearwater Paper in a research report on Monday, September 22nd. They issued a “buy” rating for the company. Wall Street Zen raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. TD Securities set a $30.00 target price on shares of Clearwater Paper and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, TD Cowen started coverage on shares of Clearwater Paper in a research report on Monday, September 22nd. They set a “buy” rating and a $30.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Insiders Place Their Bets

In other news, VP Steve M. Bowden sold 8,889 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $18.14, for a total transaction of $161,246.46. Following the completion of the transaction, the vice president directly owned 68,516 shares of the company’s stock, valued at $1,242,880.24. This represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.55% of the stock is currently owned by insiders.

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.