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T. Rowe Price Equity Income Fund increased stake in Clearwater Paper Corporation

Published 10/13/2020, 12:42 PM
Updated 10/13/2020, 01:00 PM
© Reuters.  T. Rowe Price Equity Income Fund increased stake in Clearwater Paper Corporation

On the 30th of September, the T. Rowe Price Equity Income Fund bought 319 thousand Clearwater Paper Corporation (NYSE:CLW) shares for $12 million at an average price of $37.94 per share. Shares of Clearwater Paper Corporation are up 8.36% since the transaction.

The T. Rowe Price Equity Income Fund's holding in Clearwater Paper Corporation increased to about 1.7 million shares with the purchase.

The T. Rowe Price Equity Income Fund first bought Clearwater Paper Corporation stock in the fourth quarter of 2008. The T. Rowe Price Equity Income Fund also owns Packaging Corp of America (NYSE:PKG), Westrock Co (WRK), Verso Corporation (NYSE:VRS) and Neenah, Inc. (NP). Clearwater Paper Corporation is its number three position by number of shares and market value among wood & paper stocks.

Other investors who also added to their Clearwater Paper Corporation shares include Financial Engines Advisors. In contrast, Victory Capital Management and Personal Capital Advisors reduced CLW shares.

The T. Rowe Price Equity Income Fund has also recently increased their share in Packaging Corp of America. The total value of the shares bought is estimated at around $195 million.

The T. Rowe Price Equity Income Fund also reduced their share in Quidel Corporation (NASDAQ:QDEL), Becton Dickinson & Co. (NYSE:BDX), J.B.Hunt Transport Services Inc (JBHT), Concho Resources Inc (CXO), Sensata Technologies Holding N.V. (ST), Visteon Corp (NASDAQ:VC), Aptiv PLC (NYSE:APTV), Proofpoint Inc (NASDAQ:PFPT), Workday Inc A (NASDAQ:WDAY), Ollies Bargain Outlet Holdings Inc (OLLI), Carvana Co (NYSE:CVNA), DocuSign Inc (NASDAQ:DOCU), Endava plc (NYSE:DAVA), ShockWave Medical, Inc. (SWAV) and Alcon Inc. (NYSE:ALC). The total value of the shares sold is estimated at around $8.4 billion.

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Additionally, the T. Rowe Price Equity Income Fund added to their share in Enerpac Tool Group Corp. (NYSE:EPAC), Vail Resorts Inc (MTN), Lumber Liquidators Holdings, In (NYSE:LL), Howard Bancorp, Inc. (NASDAQ:HBMD), Thermon Group Holdings, Inc. (NYSE:THR), Dunkin Brands Group Inc (DNKN), Matson , Inc. (NYSE:MATX), Constellium SE (NYSE:CSTM), Wix.com Ltd (NASDAQ:WIX), Xencor, Inc. (NASDAQ:XNCR), Professional Holding Corp. (PFHD), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Match Group, Inc (NASDAQ:MTCH), Bill.com Holdings, Inc. (NYSE:BILL), Slack Technologies Inc (NYSE:WORK), NexTier Oilfield Solutions Inc. (NEX), Avalara, Inc. (AVLR), Palomar Holdings, Inc. (NASDAQ:PLMR), Crowdstrike Holdings (CRWD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $6.3 billion.

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