KLP Kapitalforvaltning AS Acquires Shares of 12,700 Clearwater Paper Co. (NYSE:CLW)

KLP Kapitalforvaltning AS bought a new stake in Clearwater Paper Co. (NYSE:CLW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,700 shares of the basic materials company’s stock, valued at approximately $378,000. KLP Kapitalforvaltning AS owned about 0.08% of Clearwater Paper at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Paloma Partners Management Co purchased a new position in Clearwater Paper in the 3rd quarter valued at $209,000. Virtu Financial LLC acquired a new stake in shares of Clearwater Paper in the 4th quarter worth $217,000. Cornerstone Investment Partners LLC acquired a new position in shares of Clearwater Paper during the fourth quarter worth about $226,000. D.A. Davidson & CO. increased its stake in shares of 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 period. Finally, HighTower Advisors LLC raised its holdings in Clearwater Paper by 124.0% during the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock worth $361,000 after purchasing an additional 6,865 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Insider Buying and Selling

In related news, SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the sale, the senior vice president now directly owns 81,439 shares of the company’s stock, valued at approximately $1,952,907.22. This represents a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Clearwater Paper Stock Performance

Shares of CLW opened at $24.80 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13. The company has a 50-day simple moving average of $27.11 and a 200-day simple moving average of $27.65. The company has a market capitalization of $401.14 million, a PE ratio of 2.11 and a beta of 0.37.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (EPS) 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 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.