Sterling Capital Management LLC Buys 14,985 Shares of Clearwater Paper Co. (NYSE:CLW)

Sterling Capital Management LLC raised its stake in Clearwater Paper Co. (NYSE:CLW) by 26,758.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,041 shares of the basic materials company’s stock after purchasing an additional 14,985 shares during the period. Sterling Capital Management LLC owned 0.09% of Clearwater Paper worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CLW. Virtu Financial LLC purchased a new position in shares of Clearwater Paper in the 4th quarter worth approximately $217,000. Cornerstone Investment Partners LLC purchased a new position in Clearwater Paper in the fourth quarter worth $226,000. D.A. Davidson & CO. increased its position in shares of Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 800 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Clearwater Paper by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 2,176 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Clearwater Paper by 124.0% in the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock worth $361,000 after purchasing an additional 6,865 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Clearwater Paper Stock Performance

NYSE CLW opened at $24.57 on Friday. Clearwater Paper Co. has a fifty-two week low of $22.58 and a fifty-two week high of $57.13. 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 firm has a market capitalization of $398.95 million, a P/E ratio of 2.09 and a beta of 0.22. The stock has a 50-day simple moving average of $25.41 and a two-hundred day simple moving average of $27.27.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on CLW. StockNews.com upgraded Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Royal Bank of Canada restated an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th.

Insider Activity

In related news, SVP Kari G. Moyes sold 1,132 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the transaction, the senior vice president now owns 81,439 shares in the company, valued at $1,952,907.22. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.