Marshall Wace LLP bought a new stake in Clearwater Paper Co. (NYSE:CLW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 181,993 shares of the basic materials company's stock, valued at approximately $5,418,000. Marshall Wace LLP owned approximately 1.10% of Clearwater Paper as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Clearwater Paper by 2.9% during the fourth quarter. Barclays PLC now owns 27,920 shares of the basic materials company's stock worth $830,000 after purchasing an additional 781 shares during the period. 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 purchasing an additional 800 shares during the period. Wells Fargo & Company MN lifted its position 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 worth $312,000 after purchasing an additional 2,176 shares during the period. Woodmont Investment Counsel LLC lifted its position in shares of Clearwater Paper by 6.1% during the 4th quarter. Woodmont Investment Counsel LLC now owns 37,662 shares of the basic materials company's stock worth $1,121,000 after buying an additional 2,180 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Clearwater Paper by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company's stock worth $1,739,000 after buying an additional 2,404 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.
Clearwater Paper Price Performance
Shares of NYSE CLW traded down $0.26 during midday trading on Friday, reaching $24.40. 183,891 shares of the company were exchanged, compared to its average volume of 308,042. The stock's 50-day moving average price is $25.06 and its 200-day moving average price is $27.20. Clearwater Paper Co. has a one year low of $22.58 and a one year high of $57.13. The stock has a market cap of $396.26 million, a P/E ratio of 2.08 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 (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 negative return on equity of 1.87% and a net margin of 10.54%.
Analyst Ratings Changes
CLW has been the subject of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Monday, February 17th.
Read Our Latest Research Report on CLW
Insider Activity at Clearwater Paper
In other news, SVP Kari G. Moyes sold 2,778 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $26.72, for a total value of $74,228.16. Following the sale, the senior vice president now directly owns 83,799 shares of the company's stock, valued at $2,239,109.28. This represents a 3.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.55% of the stock is currently owned by corporate insiders.
About Clearwater Paper
(
Free Report)
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.
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