Guggenheim Capital LLC grew its holdings in Clearwater Paper Co. (NYSE:CLW) by 67.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,392 shares of the basic materials company’s stock after purchasing an additional 21,985 shares during the period. Guggenheim Capital LLC owned approximately 0.33% of Clearwater Paper worth $2,469,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Clearwater Paper by 3.7% in the 4th quarter. BlackRock Inc. now owns 2,100,408 shares of the basic materials company’s stock valued at $95,359,000 after purchasing an additional 74,432 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Clearwater Paper by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,351,987 shares of the basic materials company’s stock valued at $66,586,000 after purchasing an additional 35,387 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Clearwater Paper by 4.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 382,851 shares of the basic materials company’s stock valued at $17,381,000 after purchasing an additional 15,020 shares during the last quarter. Clearbridge LLC lifted its stake in shares of Clearwater Paper by 10.3% in the 4th quarter. Clearbridge LLC now owns 376,133 shares of the basic materials company’s stock valued at $17,076,000 after purchasing an additional 34,980 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Clearwater Paper by 19.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 193,339 shares of the basic materials company’s stock valued at $8,778,000 after purchasing an additional 30,921 shares during the last quarter. 87.64% of the stock is currently owned by institutional investors and hedge funds.
CLW stock opened at $37.60 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.45 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $625.02, a P/E ratio of 16.21, a PEG ratio of 2.59 and a beta of 0.98. Clearwater Paper Co. has a 12-month low of $33.80 and a 12-month high of $57.10.
Several brokerages have recently commented on CLW. Zacks Investment Research raised Clearwater Paper from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, April 3rd. ValuEngine lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Royal Bank of Canada decreased their price target on Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.50.
In related news, VP Michael S. Gadd sold 5,368 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $37.68, for a total value of $202,266.24. Following the sale, the vice president now owns 11,712 shares in the company, valued at approximately $441,308.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.41% of the stock is currently owned by insiders.
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Clearwater Paper Company Profile
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.
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