Cramer Rosenthal Mcglynn LLC Grows Holdings in Clearwater Paper Co. (NYSE:CLW)

Cramer Rosenthal Mcglynn LLC increased its position in shares of Clearwater Paper Co. (NYSE:CLW) by 322.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,279 shares of the basic materials company’s stock after purchasing an additional 166,653 shares during the period. Cramer Rosenthal Mcglynn LLC owned 1.32% of Clearwater Paper worth $6,498,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in Clearwater Paper during the 4th quarter valued at approximately $5,418,000. PEAK6 LLC bought a new stake in shares of Clearwater Paper in the fourth quarter worth about $1,376,000. Jump Financial LLC purchased a new position in Clearwater Paper during the 4th quarter valued at approximately $872,000. XTX Topco Ltd bought a new stake in Clearwater Paper in the 4th quarter worth approximately $367,000. Finally, Barclays PLC raised its holdings in shares of Clearwater Paper by 2.9% during the 4th quarter. Barclays PLC now owns 27,920 shares of the basic materials company’s stock worth $830,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insider Transactions at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of the firm’s 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 owns 81,439 shares in the company, valued at approximately $1,952,907.22. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Clearwater Paper Stock Up 0.7 %

Shares of NYSE CLW opened at $24.57 on Friday. The firm has a 50-day simple moving average of $25.51 and a two-hundred day simple moving average of $27.29. Clearwater Paper Co. has a 1 year low of $22.58 and a 1 year high of $57.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90. The company has a market cap of $398.95 million, a P/E ratio of 2.09 and a beta of 0.22.

Clearwater Paper (NYSE:CLW) last released its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share 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%.

Analysts Set New Price Targets

CLW has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $37.00 price target 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 report on Monday, February 17th.

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.