Wedge Capital Management L L P NC Acquires 31,010 Shares of Clearwater Paper Co. (NYSE:CLW)

Wedge Capital Management L L P NC increased its holdings in Clearwater Paper Co. (NYSE:CLW) by 32.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,056 shares of the basic materials company’s stock after purchasing an additional 31,010 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.76% of Clearwater Paper worth $4,553,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Invesco Ltd. grew its stake in shares of Clearwater Paper by 2.8% in the third quarter. Invesco Ltd. now owns 420,359 shares of the basic materials company’s stock worth $15,238,000 after purchasing an additional 11,293 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Clearwater Paper by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 321,719 shares of the basic materials company’s stock worth $11,662,000 after purchasing an additional 14,733 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Clearwater Paper by 8.9% in the third quarter. American Century Companies Inc. now owns 284,146 shares of the basic materials company’s stock worth $10,300,000 after purchasing an additional 23,231 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Clearwater Paper by 47.2% in the third quarter. Assenagon Asset Management S.A. now owns 153,165 shares of the basic materials company’s stock worth $5,552,000 after purchasing an additional 49,141 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of Clearwater Paper in the third quarter worth $3,728,000. Institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd.

Clearwater Paper Price Performance

CLW stock opened at $40.65 on Thursday. The firm has a market cap of $673.16 million, a price-to-earnings ratio of 6.39 and a beta of 0.52. The company has a quick ratio of 0.85, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. Clearwater Paper Co. has a 12-month low of $29.22 and a 12-month high of $44.21. The company’s fifty day simple moving average is $39.97 and its 200 day simple moving average is $36.95.

Clearwater Paper (NYSE:CLW) last released its earnings results on Tuesday, February 20th. The basic materials company reported $1.35 earnings per share (EPS) for the quarter. Clearwater Paper had a net margin of 5.17% and a return on equity of 18.13%. The business had revenue of $512.80 million for the quarter.

Clearwater Paper 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.