American Century Companies Inc. Purchases 43,604 Shares of Clearwater Paper Co. (NYSE:CLW)

American Century Companies Inc. increased its position in Clearwater Paper Co. (NYSE:CLW) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 637,108 shares of the basic materials company’s stock after buying an additional 43,604 shares during the period. American Century Companies Inc. owned 3.84% of Clearwater Paper worth $18,967,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Paloma Partners Management Co bought a new position in shares of Clearwater Paper during the 3rd quarter valued at approximately $209,000. Virtu Financial LLC purchased a new position in shares of Clearwater Paper in the 4th quarter worth $217,000. D.A. Davidson & CO. grew its stake in shares of Clearwater Paper by 23.4% in the 3rd quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock worth $225,000 after buying an additional 1,500 shares in the last quarter. Cornerstone Investment Partners LLC bought a new stake in shares of Clearwater Paper in the 4th quarter worth about $226,000. Finally, PEAK6 Investments LLC lifted its holdings in shares of Clearwater Paper by 15.5% in the 3rd quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company’s stock valued at $260,000 after acquiring an additional 1,227 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Down 2.1 %

Shares of NYSE:CLW opened at $25.36 on Monday. The firm has a market capitalization of $410.12 million, a PE ratio of 2.16 and a beta of 0.37. The business has a 50 day simple moving average of $27.67 and a two-hundred day simple moving average of $27.77. Clearwater Paper Co. has a 1 year low of $22.58 and a 1 year high of $57.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.98, for a total value of $27,145.36. Following the completion of the sale, the senior vice president now directly owns 81,439 shares in the company, valued at approximately $1,952,907.22. This represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

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.