Victory Capital Management Inc. Increases Position in Clearwater Paper Co. (NYSE:CLW)

Victory Capital Management Inc. raised its holdings 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 filing with the Securities and Exchange Commission. The fund owned 61,990 shares of the basic materials company's stock after purchasing an additional 11,750 shares during the period. Victory Capital Management Inc. owned approximately 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 have also modified their holdings of CLW. Paloma Partners Management Co purchased a new stake in shares of Clearwater Paper during the third quarter valued at $209,000. D.A. Davidson & CO. boosted its holdings in shares of 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 acquiring an additional 1,500 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Clearwater Paper during the 4th quarter valued at about $226,000. PEAK6 Investments LLC grew its stake in shares of Clearwater Paper by 15.5% in the third quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company's stock worth $260,000 after acquiring an additional 1,227 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Clearwater Paper by 124.0% during the third 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 last quarter. Institutional investors own 89.98% of the company's stock.

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Insider Activity

In related news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the transaction, the senior vice president now directly owns 81,439 shares in the company, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company's stock.

Clearwater Paper Stock Performance

Shares of Clearwater Paper stock traded up $0.09 during trading hours on Wednesday, reaching $24.43. 34,576 shares of the stock traded hands, compared to its average volume of 283,826. The company has a 50 day moving average price of $28.36 and a 200 day moving average price of $28.08. 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. The firm has a market capitalization of $395.07 million, a price-to-earnings ratio of 2.08 and a beta of 0.37.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate 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 equities research analysts have commented on CLW shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 target price 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.

Clearwater Paper 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.