Sei Investments Co. Makes New Investment in Clearwater Paper Co. (NYSE:CLW)

Sei Investments Co. bought a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,521 shares of the basic materials company's stock, valued at approximately $2,010,000. Sei Investments Co. owned approximately 0.41% of Clearwater Paper at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its holdings in 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 valued at $259,000 after buying an additional 800 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Clearwater Paper by 2.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,161 shares of the basic materials company's stock valued at $1,260,000 after acquiring an additional 1,117 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Clearwater Paper by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company's stock valued at $1,739,000 after acquiring an additional 2,404 shares in the last quarter. Empowered Funds LLC increased its holdings in Clearwater Paper by 5.1% in the 4th quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company's stock valued at $3,333,000 after acquiring an additional 5,428 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Clearwater Paper by 124.0% in the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock worth $361,000 after purchasing an additional 6,865 shares in the last quarter. Institutional investors own 89.98% of the company's stock.

Clearwater Paper Price Performance

CLW stock traded down $0.55 during trading on Thursday, hitting $24.50. 250,649 shares of the company's stock traded hands, compared to its average volume of 302,599. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13. The stock has a market capitalization of $397.94 million, a price-to-earnings ratio of 2.09 and a beta of 0.22. The business has a fifty day simple moving average of $26.18 and a 200 day simple moving average of $27.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share 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

In related news, SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the sale, the senior vice president now directly owns 81,439 shares of the company's stock, valued at $1,952,907.22. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CLW. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com raised Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Monday, February 17th.

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.