Victory Capital Management Inc. Has $1.85 Million Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Victory Capital Management Inc. raised its stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,990 shares of the basic materials company's stock after buying an additional 11,750 shares during the period. Victory Capital Management Inc. owned 0.37% of Clearwater Paper worth $1,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLW. Paloma Partners Management Co bought a new position in Clearwater Paper in the 3rd quarter worth $209,000. D.A. Davidson & CO. raised its stake in Clearwater Paper by 23.4% during the 3rd quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company's stock valued at $225,000 after purchasing an additional 1,500 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in Clearwater Paper during the fourth quarter valued at about $226,000. PEAK6 Investments LLC grew its stake 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 lifted its position in shares of Clearwater Paper by 124.0% during the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock worth $361,000 after buying 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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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CLW. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price objective on shares of Clearwater Paper in a report on Tuesday, February 18th.

Clearwater Paper Stock Up 1.4 %

NYSE CLW traded up $0.33 during trading hours on Tuesday, reaching $24.37. 186,010 shares of the company's stock were exchanged, compared to its average volume of 285,230. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The company has a market capitalization of $394.10 million, a price-to-earnings ratio of 2.08 and a beta of 0.37. The company's 50-day moving average is $28.36 and its two-hundred day moving average is $28.08. Clearwater Paper Co. has a one year low of $22.58 and a one year high of $57.13.

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

Insiders Place Their Bets

In other Clearwater Paper 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 value of $27,145.36. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company's stock.

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.