Clearwater Paper Co. (NYSE:CLW) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Clearwater Paper Co. (NYSE:CLW) by 23.4% during the 4th quarter, Holdings Channel.com reports. The fund 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.’s holdings in Clearwater Paper were worth $1,845,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in Clearwater Paper by 45.2% in the third quarter. Pacer Advisors Inc. now owns 1,887,015 shares of the basic materials company’s stock valued at $53,855,000 after purchasing an additional 587,043 shares during the last quarter. Peregrine Capital Management LLC acquired a new position in shares of Clearwater Paper in the 4th quarter valued at $4,328,000. Wedge Capital Management L L P NC grew its position in shares of Clearwater Paper by 14.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company’s stock valued at $4,201,000 after buying an additional 18,139 shares during the last quarter. Empowered Funds LLC raised its stake in Clearwater Paper by 5.1% during the 4th quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company’s stock worth $3,333,000 after acquiring an additional 5,428 shares in the last quarter. Finally, Readystate Asset Management LP purchased a new stake in Clearwater Paper in the third quarter valued at $1,978,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

CLW has been the topic of several research reports. StockNews.com raised Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 target price on shares of Clearwater Paper in a research report on Tuesday, February 18th.

Clearwater Paper Stock Performance

Shares of CLW opened at $24.02 on Tuesday. The company’s 50 day simple moving average is $28.44 and its 200-day simple moving average is $28.15. The firm has a market cap of $388.46 million, a PE ratio of 2.05 and a beta of 0.37. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

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

Insider Buying and Selling

In related news, SVP Kari G. Moyes sold 2,778 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $26.72, for a total transaction of $74,228.16. Following the completion of the sale, the senior vice president now directly owns 83,799 shares of the company’s stock, valued at $2,239,109.28. This trade represents a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.