Cramer Rosenthal Mcglynn LLC Buys 166,653 Shares of Clearwater Paper Co. (NYSE:CLW)

Cramer Rosenthal Mcglynn LLC increased its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 322.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 owned approximately 1.32% of Clearwater Paper worth $6,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in shares of Clearwater Paper by 124.0% during the third 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 during the last quarter. Barclays PLC boosted its stake in Clearwater Paper by 339.6% during the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock valued at $774,000 after buying an additional 20,966 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Clearwater Paper by 14.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company's stock worth $4,201,000 after acquiring an additional 18,139 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Clearwater Paper by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company's stock worth $1,739,000 after acquiring an additional 2,404 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Clearwater Paper by 5.1% during the 4th quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company's stock valued at $3,333,000 after acquiring an additional 5,428 shares during the last quarter. Institutional investors own 89.98% of the company's stock.

Clearwater Paper Trading Down 2.2 %

CLW traded down $0.53 during trading hours on Wednesday, reaching $23.91. 113,959 shares of the company's stock traded hands, compared to its average volume of 305,191. The firm has a 50-day moving average price of $25.24 and a 200 day moving average price of $27.25. The firm has a market capitalization of $388.30 million, a PE ratio of 2.04 and a beta of 0.22. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CLW. StockNews.com raised Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th.

Insider Activity at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 81,439 shares in the company, valued at approximately $1,952,907.22. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.55% of the stock is owned by company insiders.

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.