KLP Kapitalforvaltning AS Makes New Investment in Clearwater Paper Co. (NYSE:CLW)

KLP Kapitalforvaltning AS acquired a new stake in Clearwater Paper Co. (NYSE:CLW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,700 shares of the basic materials company's stock, valued at approximately $378,000. KLP Kapitalforvaltning AS owned 0.08% of Clearwater Paper at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Paloma Partners Management Co bought a new stake in Clearwater Paper in the 3rd quarter valued at $209,000. Virtu Financial LLC bought a new stake in shares of Clearwater Paper in the fourth quarter valued at about $217,000. Cornerstone Investment Partners LLC bought a new stake in shares of Clearwater Paper in the fourth quarter valued at about $226,000. D.A. Davidson & CO. grew its position in 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 buying an additional 800 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake 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 valued at $361,000 after acquiring an additional 6,865 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Clearwater Paper Price Performance

NYSE:CLW traded up $1.19 during mid-day trading on Wednesday, hitting $25.03. The company's stock had a trading volume of 270,845 shares, compared to its average volume of 302,177. 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 fifty day moving average of $26.31 and a 200-day moving average of $27.46. The company has a market capitalization of $406.49 million, a price-to-earnings ratio of 2.13 and a beta of 0.22. Clearwater Paper Co. has a fifty-two week low of $22.58 and a fifty-two week high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its earnings results 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 negative return on equity of 1.87% and a net margin of 10.54%.

Insider Buying and Selling at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction that occurred on Monday, March 17th. The shares were 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 owns 81,439 shares in the company, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CLW shares. StockNews.com raised Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada reiterated an "outperform" rating and set 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.