Cramer Rosenthal Mcglynn LLC Raises Holdings in Clearwater Paper Co. (NYSE:CLW)

Cramer Rosenthal Mcglynn LLC lifted its stake in Clearwater Paper Co. (NYSE:CLW) by 322.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 218,279 shares of the basic materials company’s stock after purchasing an additional 166,653 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Clearwater Paper were worth $6,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLW. Virtu Financial LLC purchased a new stake in Clearwater Paper in the fourth quarter valued at approximately $217,000. Cornerstone Investment Partners LLC purchased a new position in shares of Clearwater Paper during the fourth quarter worth $226,000. D.A. Davidson & CO. raised its holdings in shares of 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 purchasing an additional 800 shares during the last quarter. Wells Fargo & Company MN lifted its position in Clearwater Paper by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 2,176 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Clearwater Paper by 124.0% in the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 6,865 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insiders Place Their Bets

In related 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 value of $74,228.16. Following the completion of the sale, the senior vice president now owns 83,799 shares of the company’s stock, valued at approximately $2,239,109.28. This trade represents a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank of Canada reiterated 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 report on Monday, February 17th.

Clearwater Paper Price Performance

Shares of Clearwater Paper stock opened at $24.57 on Friday. 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 firm has a market cap of $398.95 million, a PE ratio of 2.09 and a beta of 0.22. The business has a 50-day moving average price of $25.51 and a 200 day moving average price of $27.29. Clearwater Paper Co. has a twelve month low of $22.58 and a twelve month high of $57.13.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share 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%.

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.