Victory Capital Management Inc. raised its stake in Clearwater Paper Corp (NYSE:CLW) by 25.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,370 shares of the basic materials company’s stock after purchasing an additional 1,886 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Clearwater Paper worth $183,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Investors Research Corp acquired a new position in shares of Clearwater Paper during the 1st quarter valued at $66,000. BNP Paribas Arbitrage SA lifted its holdings in Clearwater Paper by 78.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,428 shares of the basic materials company’s stock worth $86,000 after buying an additional 1,940 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Clearwater Paper by 8.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,440 shares of the basic materials company’s stock worth $108,000 after buying an additional 337 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Clearwater Paper by 390.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,726 shares of the basic materials company’s stock worth $140,000 after buying an additional 4,558 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in Clearwater Paper in the 4th quarter worth $153,000. Institutional investors own 82.79% of the company’s stock.
CLW stock traded up $0.84 on Friday, hitting $18.49. 198,900 shares of the company’s stock traded hands, compared to its average volume of 188,453. Clearwater Paper Corp has a 1-year low of $16.05 and a 1-year high of $35.27. The firm has a market cap of $299.16 million, a PE ratio of 7.25 and a beta of 1.81. The stock’s fifty day moving average is $17.88. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.39 and a current ratio of 0.94.
CLW has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Clearwater Paper from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. DA Davidson cut their price objective on shares of Clearwater Paper to $44.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. ValuEngine upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Royal Bank of Canada dropped their target price on shares of Clearwater Paper from $24.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, May 2nd. Finally, TheStreet downgraded shares of Clearwater Paper from a “c” rating to a “d” rating in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $32.67.
In other Clearwater Paper news, insider Linda K. Massman purchased 5,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $17.92 per share, for a total transaction of $98,560.00. Following the purchase, the insider now directly owns 243,976 shares in the company, valued at approximately $4,372,049.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.97% of the company’s stock.
Clearwater Paper Profile
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.
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