Wedge Capital Management L L P NC Boosts Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Wedge Capital Management L L P NC increased its stake in Clearwater Paper Co. (NYSE:CLW) by 32.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 126,056 shares of the basic materials company’s stock after acquiring an additional 31,010 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Clearwater Paper were worth $4,553,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CLW. Strs Ohio boosted its stake in shares of Clearwater Paper by 3.0% during the fourth quarter. Strs Ohio now owns 17,000 shares of the basic materials company’s stock valued at $614,000 after purchasing an additional 500 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Clearwater Paper by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 36,120 shares of the basic materials company’s stock valued at $1,305,000 after purchasing an additional 897 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Clearwater Paper by 11.2% during the third quarter. TD Asset Management Inc now owns 18,900 shares of the basic materials company’s stock valued at $685,000 after purchasing an additional 1,900 shares in the last quarter. Algert Global LLC bought a new position in shares of Clearwater Paper during the third quarter valued at approximately $210,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Clearwater Paper by 81.2% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,036 shares of the basic materials company’s stock valued at $473,000 after purchasing an additional 5,843 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

Shares of CLW stock opened at $40.65 on Thursday. The business’s fifty day simple moving average is $39.97 and its 200-day simple moving average is $36.95. The company has a market cap of $673.16 million, a PE ratio of 6.39 and a beta of 0.52. The company has a current ratio of 1.97, a quick ratio of 0.85 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.

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

Analysts Set New Price Targets

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

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.