Royce & Associates LP Boosts Holdings in Clearwater Paper Co. (NYSE:CLW)

Royce & Associates LP lifted its stake in Clearwater Paper Co. (NYSE:CLW) by 55.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,321 shares of the basic materials company’s stock after purchasing an additional 13,981 shares during the period. Royce & Associates LP’s holdings in Clearwater Paper were worth $1,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Paloma Partners Management Co purchased a new stake in shares of Clearwater Paper in the 3rd quarter worth about $209,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Clearwater Paper in the 4th quarter worth about $226,000. D.A. Davidson & CO. lifted its position in shares of Clearwater Paper by 23.4% in the 3rd quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 1,500 shares during the period. PEAK6 Investments LLC lifted its position in Clearwater Paper by 15.5% during the 3rd quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company’s stock valued at $260,000 after acquiring an additional 1,227 shares during the period. Finally, HighTower Advisors LLC lifted its position in Clearwater Paper by 124.0% during the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 6,865 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Trading Down 1.1 %

Shares of NYSE CLW opened at $24.27 on Friday. Clearwater Paper Co. has a 1 year low of $22.58 and a 1 year high of $57.13. The stock has a market cap of $392.57 million, a P/E ratio of 2.07 and a beta of 0.37. The firm has a 50-day moving average of $28.07 and a 200 day moving average of $27.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90.

Clearwater Paper (NYSE:CLW) last issued 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 negative return on equity of 1.87% and a net margin of 10.54%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CLW. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, February 17th.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the completion of the transaction, the senior vice president now directly owns 81,439 shares of the company’s stock, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

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.