Sterling Capital Management LLC Boosts Stake in Clearwater Paper Co. (NYSE:CLW)

Sterling Capital Management LLC raised its holdings in Clearwater Paper Co. (NYSE:CLW) by 26,758.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,041 shares of the basic materials company’s stock after acquiring an additional 14,985 shares during the period. Sterling Capital Management LLC’s holdings in Clearwater Paper were worth $448,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CLW. Virtu Financial LLC acquired a new position in Clearwater Paper during the fourth quarter worth $217,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Clearwater Paper in the 4th quarter valued at approximately $226,000. D.A. Davidson & CO. increased its holdings in shares of Clearwater Paper by 10.1% during the 4th 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 last quarter. Wells Fargo & Company MN lifted its holdings in Clearwater Paper by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 2,176 shares during the last quarter. Finally, HighTower Advisors LLC grew its position 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 worth $361,000 after acquiring an additional 6,865 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Stock Up 0.7 %

Shares of NYSE:CLW opened at $24.57 on Friday. The firm’s 50-day moving average is $25.41 and its two-hundred day moving average is $27.27. 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 Co. has a 1 year low of $22.58 and a 1 year high of $57.13. The firm has a market capitalization of $398.95 million, a PE ratio of 2.09 and a beta of 0.22.

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

Insider Buying and Selling at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the sale, the senior vice president now owns 81,439 shares in the company, valued at $1,952,907.22. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.