Russell Investments Group Ltd. Grows Stock Holdings in Clearwater Paper Co. (NYSE:CLW)

Russell Investments Group Ltd. lifted its holdings in Clearwater Paper Co. (NYSE:CLW) by 56.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,192 shares of the basic materials company’s stock after acquiring an additional 11,586 shares during the quarter. Russell Investments Group Ltd. owned 0.19% of Clearwater Paper worth $958,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Clearwater Paper in the 4th quarter valued at $217,000. Cornerstone Investment Partners LLC acquired a new position in shares of Clearwater Paper in the fourth quarter worth about $226,000. D.A. Davidson & CO. boosted its stake in shares of 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 worth $259,000 after acquiring an additional 800 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Clearwater Paper by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 2,176 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of 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 purchasing an additional 6,865 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insider Activity at Clearwater Paper

In other news, SVP Kari G. Moyes sold 2,778 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.72, for a total value of $74,228.16. Following the completion of the sale, the senior vice president now directly owns 83,799 shares of the company’s stock, valued at approximately $2,239,109.28. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CLW has been the topic of several recent analyst reports. StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Royal Bank of Canada reaffirmed 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 Price Performance

Shares of CLW opened at $24.42 on Tuesday. The firm has a 50-day simple moving average of $25.33 and a two-hundred day simple moving average of $27.27. 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 Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The stock has a market cap of $396.58 million, a PE ratio of 2.08 and a beta of 0.22.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported ($1.17) EPS 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%.

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.