Bank of America Corp DE Has $2.01 Million Stock Position in Clearwater Paper Co. (NYSE:CLW)

Bank of America Corp DE boosted its position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 120.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,554 shares of the basic materials company's stock after purchasing an additional 36,910 shares during the quarter. Bank of America Corp DE owned about 0.41% of Clearwater Paper worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in Clearwater Paper by 7.3% during the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock worth $18,967,000 after purchasing an additional 43,604 shares during the last quarter. Geode Capital Management LLC raised its holdings in Clearwater Paper by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company's stock worth $11,523,000 after purchasing an additional 4,973 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Clearwater Paper by 33.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company's stock worth $8,069,000 after purchasing an additional 68,558 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in Clearwater Paper by 322.8% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company's stock worth $6,498,000 after purchasing an additional 166,653 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Clearwater Paper in the 4th quarter valued at about $5,418,000. 89.98% of the stock is owned by institutional investors.

Clearwater Paper Trading Up 2.2%

Shares of CLW stock traded up $0.65 on Wednesday, reaching $29.64. The company had a trading volume of 183,110 shares, compared to its average volume of 317,404. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The stock has a market cap of $481.83 million, a PE ratio of 2.53 and a beta of 0.16. The company has a 50-day moving average of $26.46 and a 200-day moving average of $27.37. Clearwater Paper Co. has a 12 month low of $22.58 and a 12 month high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). The company had revenue of $378.20 million during the quarter, compared to the consensus estimate of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Insider Activity at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 81,439 shares in the company, valued at approximately $1,952,907.22. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CLW shares. Wall Street Zen raised Clearwater Paper from a "sell" rating to a "hold" rating in a research note 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 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.