Clearwater Paper Co. (NYSE:CLW) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 637,108 shares of the basic materials company's stock after buying an additional 43,604 shares during the period. American Century Companies Inc. owned about 3.84% of Clearwater Paper worth $18,967,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Clearwater Paper in the 4th quarter valued at approximately $217,000. Paloma Partners Management Co purchased a new position in Clearwater Paper in the third quarter valued at $209,000. Cornerstone Investment Partners LLC purchased a new position in Clearwater Paper in the fourth quarter valued at $226,000. D.A. Davidson & CO. raised its stake in Clearwater Paper by 23.4% in the third 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. Finally, PEAK6 Investments LLC lifted its holdings 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 worth $260,000 after buying an additional 1,227 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CLW shares. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of Clearwater Paper in a research note on Tuesday, February 18th.

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Clearwater Paper Stock Down 6.4 %

NYSE:CLW traded down $1.70 during midday trading on Thursday, hitting $24.78. 333,697 shares of the company were exchanged, compared to its average volume of 297,489. Clearwater Paper Co. has a fifty-two week low of $22.58 and a fifty-two week high of $57.13. The company has a market capitalization of $400.77 million, a PE ratio of 2.11 and a beta of 0.37. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $27.24 and a 200 day simple moving average of $27.68.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) 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%.

Insider Buying and Selling at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper 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 transaction, the senior vice president now directly owns 81,439 shares of the company's stock, valued at $1,952,907.22. The trade was a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.

Clearwater Paper Company 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.