Sterling Capital Management LLC Acquires 14,985 Shares of Clearwater Paper Co. (NYSE:CLW)

Sterling Capital Management LLC grew its stake in Clearwater Paper Co. (NYSE:CLW - Free Report) by 26,758.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,041 shares of the basic materials company's stock after buying an additional 14,985 shares during the period. Sterling Capital Management LLC owned 0.09% of Clearwater Paper worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CLW. D.A. Davidson & CO. lifted its holdings in Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock worth $259,000 after acquiring an additional 800 shares during the period. Wells Fargo & Company MN boosted its stake 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 buying an additional 2,176 shares in the last quarter. Woodmont Investment Counsel LLC grew its stake in shares of Clearwater Paper by 6.1% during the fourth quarter. Woodmont Investment Counsel LLC now owns 37,662 shares of the basic materials company's stock valued at $1,121,000 after buying an additional 2,180 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Clearwater Paper by 4.3% in 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 during the period. Finally, Geode Capital Management LLC increased its holdings in Clearwater Paper by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company's stock valued at $11,523,000 after purchasing an additional 4,973 shares during the period. Institutional investors own 89.98% of the company's stock.

Clearwater Paper Stock Performance

Shares of Clearwater Paper stock traded down $0.34 during trading hours on Wednesday, reaching $24.11. 179,106 shares of the stock traded hands, compared to its average volume of 305,437. The company 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 $391.47 million, a price-to-earnings ratio of 2.05 and a beta of 0.22. Clearwater Paper Co. has a one year low of $22.58 and a one year high of $57.13. 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 released its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) 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%.

Insider Activity at Clearwater Paper

In other news, SVP Kari G. Moyes sold 2,778 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.72, for a total value of $74,228.16. Following the transaction, the senior vice president now directly owns 83,799 shares in the company, valued at $2,239,109.28. The trade was a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on CLW. StockNews.com upgraded 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 target price on shares of Clearwater Paper in a research note on Tuesday, February 18th.

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.