Wedge Capital Management L L P NC Purchases 31,010 Shares of Clearwater Paper Co. (NYSE:CLW)

Wedge Capital Management L L P NC raised its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 32.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,056 shares of the basic materials company's stock after acquiring an additional 31,010 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.76% of Clearwater Paper worth $4,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC purchased a new position in shares of Clearwater Paper during the 3rd quarter worth $210,000. Quadrature Capital Ltd bought a new stake in shares of Clearwater Paper during the 3rd quarter valued at $267,000. Jump Financial LLC bought a new stake in shares of Clearwater Paper during the 3rd quarter valued at $294,000. Louisiana State Employees Retirement System bought a new stake in shares of Clearwater Paper during the 4th quarter valued at $300,000. Finally, Versor Investments LP bought a new stake in shares of Clearwater Paper during the 3rd quarter valued at $358,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Clearwater Paper Price Performance

NYSE CLW traded down $0.72 on Thursday, reaching $39.95. The company had a trading volume of 129,407 shares, compared to its average volume of 180,494. The company has a quick ratio of 0.85, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $661.57 million, a PE ratio of 6.28 and a beta of 0.52. The firm's 50 day moving average price is $40.11 and its 200 day moving average price is $36.97. Clearwater Paper Co. has a 12 month low of $29.22 and a 12 month high of $44.21.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $1.35 earnings per share for the quarter. Clearwater Paper had a net margin of 5.17% and a return on equity of 18.13%. The firm had revenue of $512.80 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Clearwater Paper from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 22nd.

About Clearwater Paper

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.