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

Wedge Capital Management L L P NC boosted its holdings in shares of Clearwater Paper Co. (NYSE:CLW) by 33.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,991 shares of the basic materials company’s stock after acquiring an additional 30,921 shares during the period. Wedge Capital Management L L P NC owned about 0.74% of Clearwater Paper worth $3,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in shares of Clearwater Paper by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,408,298 shares of the basic materials company’s stock worth $68,261,000 after purchasing an additional 10,074 shares during the last quarter. Pacer Advisors Inc. raised its stake in Clearwater Paper by 26.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,299,972 shares of the basic materials company’s stock valued at $63,010,000 after purchasing an additional 269,937 shares during the last quarter. Vanguard Group Inc. raised its stake in Clearwater Paper by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 1,218,874 shares of the basic materials company’s stock valued at $53,301,000 after purchasing an additional 17,166 shares during the last quarter. American Century Companies Inc. lifted its holdings in Clearwater Paper by 23.2% in the 2nd quarter. American Century Companies Inc. now owns 495,358 shares of the basic materials company’s stock valued at $24,010,000 after purchasing an additional 93,123 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Clearwater Paper by 24.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 219,983 shares of the basic materials company’s stock worth $10,663,000 after purchasing an additional 42,935 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CLW has been the subject of a number of analyst reports. StockNews.com lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada boosted their price target on Clearwater Paper from $42.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th.

Clearwater Paper Stock Up 0.6 %

Shares of NYSE:CLW opened at $28.28 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a market cap of $471.65 million, a price-to-earnings ratio of 4.73 and a beta of 0.32. The stock’s 50-day moving average price is $30.39 and its two-hundred day moving average price is $41.84. Clearwater Paper Co. has a 12-month low of $25.50 and a 12-month high of $57.13.

Clearwater Paper (NYSE:CLW) last released its earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%. The company had revenue of $586.40 million during the quarter.

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.