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

Royce & Associates LP grew its stake in shares of Clearwater Paper Co. (NYSE:CLW) by 55.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,321 shares of the basic materials company’s stock after buying an additional 13,981 shares during the quarter. Royce & Associates LP owned 0.24% of Clearwater Paper worth $1,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Paloma Partners Management Co purchased a new stake in shares of Clearwater Paper during the 3rd quarter valued at $209,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Clearwater Paper during the 4th quarter valued at $226,000. D.A. Davidson & CO. raised its position in shares of Clearwater Paper by 23.4% during the 3rd quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock valued at $225,000 after buying an additional 1,500 shares in the last quarter. PEAK6 Investments LLC raised its position in shares of 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 buying an additional 1,227 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of 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 buying an additional 6,865 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $37.00 price objective 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.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the sale, the senior vice president now owns 81,439 shares of the company’s stock, valued at $1,952,907.22. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Clearwater Paper Price Performance

CLW stock opened at $24.27 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13. The firm’s fifty day moving average is $28.07 and its 200 day moving average is $27.97. The firm has a market cap of $392.57 million, a P/E ratio of 2.07 and a beta of 0.37.

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

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.