Sei Investments Co. Takes Position in Clearwater Paper Co. (NYSE:CLW)

Sei Investments Co. purchased a new position in shares of Clearwater Paper Co. (NYSE:CLW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 67,521 shares of the basic materials company’s stock, valued at approximately $2,010,000. Sei Investments Co. owned approximately 0.41% of Clearwater Paper as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Clearwater Paper during the 4th quarter worth $217,000. Paloma Partners Management Co purchased a new position in shares of Clearwater Paper in the third quarter worth about $209,000. Cornerstone Investment Partners LLC acquired a new position in Clearwater Paper during the fourth quarter worth about $226,000. D.A. Davidson & CO. grew its stake in Clearwater Paper by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 800 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in Clearwater Paper by 124.0% in the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 6,865 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Trading Up 0.3 %

Shares of CLW opened at $24.80 on Friday. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13. The firm has a market capitalization of $402.75 million, a P/E ratio of 2.11 and a beta of 0.22. The firm has a 50-day moving average price of $27.11 and a 200 day moving average price of $27.63. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

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

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 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 transaction, the senior vice president now owns 81,439 shares of the company’s stock, valued at $1,952,907.22. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.