Cornerstone Investment Partners LLC Makes New Investment in Clearwater Paper Co. (NYSE:CLW)

Cornerstone Investment Partners LLC acquired a new stake in Clearwater Paper Co. (NYSE:CLW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,598 shares of the basic materials company’s stock, valued at approximately $226,000.

A number of other large investors have also made changes to their positions in the stock. Peregrine Capital Management LLC purchased a new position in Clearwater Paper in the 4th quarter valued at about $4,328,000. D.A. Davidson & CO. boosted its position in 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 acquiring an additional 800 shares during the last quarter. Empowered Funds LLC grew its stake in Clearwater Paper by 5.1% in 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 during the period. Exchange Traded Concepts LLC raised its holdings in Clearwater Paper by 4.3% in 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 acquiring an additional 2,404 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Clearwater Paper by 14.7% during the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company’s stock worth $4,201,000 after purchasing an additional 18,139 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Insider Transactions at Clearwater Paper

In related news, SVP Kari G. Moyes sold 2,778 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.72, for a total value of $74,228.16. Following the transaction, the senior vice president now owns 83,799 shares in the company, valued at approximately $2,239,109.28. This trade represents a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CLW. Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 target price on shares of Clearwater Paper in a research note on Tuesday, February 18th. StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 17th.

Clearwater Paper Stock Down 0.2 %

Shares of CLW opened at $25.05 on Wednesday. The firm has a market cap of $405.10 million, a PE ratio of 2.14 and a beta of 0.35. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average is $29.71 and its two-hundred day moving average is $28.77. Clearwater Paper Co. has a fifty-two week low of $23.92 and a fifty-two week high of $57.13.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.84). Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Clearwater Paper Company Profile

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.