Corient Private Wealth LLC Boosts Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Corient Private Wealth LLC increased its position in Clearwater Paper Co. (NYSE:CLW) by 115.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,655 shares of the basic materials company’s stock after acquiring an additional 27,189 shares during the period. Corient Private Wealth LLC owned about 0.31% of Clearwater Paper worth $1,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLW. D.A. Davidson & CO. boosted its holdings in shares of Clearwater Paper by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Clearwater Paper by 2.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,161 shares of the basic materials company’s stock worth $1,260,000 after purchasing an additional 1,117 shares during the period. PEAK6 Investments LLC raised its stake in Clearwater Paper by 15.5% during the 3rd quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company’s stock valued at $260,000 after buying an additional 1,227 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Clearwater Paper by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company’s stock valued at $1,739,000 after buying an additional 2,404 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Clearwater Paper by 16.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,762 shares of the basic materials company’s stock worth $1,021,000 after buying an additional 4,994 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Clearwater Paper Trading Up 3.1 %

Shares of CLW stock opened at $25.66 on Wednesday. Clearwater Paper Co. has a 1 year low of $22.58 and a 1 year high of $57.13. The firm has a fifty day moving average price of $27.93 and a 200-day moving average price of $27.84. The company has a market cap of $415.05 million, a price-to-earnings ratio of 2.19 and a beta of 0.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90.

Clearwater Paper (NYSE:CLW) 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 negative return on equity of 1.87% and a net margin of 10.54%.

Insiders Place Their Bets

In related news, SVP Kari G. Moyes sold 1,132 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the completion of the transaction, the senior vice president now owns 81,439 shares of the company’s stock, valued at approximately $1,952,907.22. This represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by company insiders.

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.