Royce & Associates LP Has $1.17 Million Stake in Clearwater Paper Co. (NYSE:CLW)

Royce & Associates LP lifted its position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 55.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,321 shares of the basic materials company's stock after purchasing an additional 13,981 shares during the quarter. Royce & Associates LP owned 0.24% of Clearwater Paper worth $1,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paloma Partners Management Co acquired a new stake in Clearwater Paper during the 3rd quarter worth $209,000. D.A. Davidson & CO. raised its position in shares of Clearwater Paper by 23.4% during the third quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company's stock worth $225,000 after purchasing an additional 1,500 shares during the period. Cornerstone Investment Partners LLC bought a new position in shares of Clearwater Paper during the 4th quarter valued at about $226,000. PEAK6 Investments LLC grew its position in shares of Clearwater Paper by 15.5% in the 3rd quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company's stock valued at $260,000 after purchasing an additional 1,227 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of Clearwater Paper by 124.0% in the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock valued at $361,000 after purchasing an additional 6,865 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

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Insider Buying and Selling at Clearwater Paper

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

Clearwater Paper Stock Down 2.2 %

Shares of NYSE:CLW traded down $0.57 during mid-day trading on Wednesday, reaching $25.11. 211,498 shares of the stock were exchanged, compared to its average volume of 284,929. The stock's 50 day simple moving average is $27.93 and its 200-day simple moving average is $27.84. Clearwater Paper Co. has a one year low of $22.58 and a one year high of $57.13. The company has a market cap of $406.15 million, a P/E ratio of 2.14 and a beta of 0.37. 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 posted its quarterly earnings data 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%.

Analyst Upgrades and Downgrades

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

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.