KLP Kapitalforvaltning AS Purchases Shares of 12,700 Clearwater Paper Co. (NYSE:CLW)

KLP Kapitalforvaltning AS purchased a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,700 shares of the basic materials company's stock, valued at approximately $378,000. KLP Kapitalforvaltning AS owned approximately 0.08% of Clearwater Paper as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Barclays PLC lifted its holdings in Clearwater Paper by 339.6% during the 3rd quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock worth $774,000 after buying an additional 20,966 shares during the last quarter. American Century Companies Inc. raised its position in Clearwater Paper by 7.3% during the fourth quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock worth $18,967,000 after acquiring an additional 43,604 shares during the last quarter. HighTower Advisors LLC grew its holdings in 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 during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Clearwater Paper in the 3rd quarter valued at $877,000. Finally, Wedge Capital Management L L P NC raised its stake in Clearwater Paper by 14.7% during the fourth 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 purchasing an additional 18,139 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CLW. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th.

Clearwater Paper Stock Performance

NYSE:CLW traded up $0.21 during trading hours on Wednesday, reaching $24.05. 8,378 shares of the stock were exchanged, compared to its average volume of 300,504. 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 stock has a market capitalization of $390.49 million, a P/E ratio of 2.05 and a beta of 0.22. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13. The firm has a 50 day simple moving average of $26.60 and a 200-day simple moving average of $27.51.

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

Insider Transactions at Clearwater Paper

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

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.