Wedge Capital Management L L P NC Purchases 30,921 Shares of Clearwater Paper Co. (NYSE:CLW)

Wedge Capital Management L L P NC grew its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 33.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,991 shares of the basic materials company's stock after acquiring an additional 30,921 shares during the quarter. Wedge Capital Management L L P NC owned 0.74% of Clearwater Paper worth $3,510,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CLW. Innealta Capital LLC purchased a new position in Clearwater Paper in the 2nd quarter worth $52,000. GAMMA Investing LLC increased its holdings in shares of Clearwater Paper by 30.3% in the second quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company's stock worth $53,000 after buying an additional 255 shares during the period. SG Americas Securities LLC bought a new stake in shares of Clearwater Paper in the 1st quarter valued at about $132,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Clearwater Paper in the 2nd quarter valued at about $153,000. Finally, Caxton Associates LP purchased a new stake in Clearwater Paper during the 2nd quarter valued at about $200,000. 89.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CLW has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target on Clearwater Paper from $42.00 to $48.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 7th. StockNews.com lowered shares of Clearwater Paper from a "buy" rating to a "hold" rating in a report on Thursday, August 8th.

Clearwater Paper Trading Down 0.8 %

Shares of NYSE CLW traded down $0.23 during trading hours on Wednesday, hitting $27.99. The company's stock had a trading volume of 153,882 shares, compared to its average volume of 211,285. Clearwater Paper Co. has a 12 month low of $25.50 and a 12 month high of $57.13. The stock has a market cap of $466.82 million, a price-to-earnings ratio of 4.68 and a beta of 0.32. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 1.73. The business has a 50-day simple moving average of $30.19 and a 200-day simple moving average of $41.74.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share for the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%. The business had revenue of $586.40 million during the quarter.

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.