Peak6 LLC Invests $1.38 Million in Clearwater Paper Co. (NYSE:CLW)

Peak6 LLC bought a new stake in Clearwater Paper Co. (NYSE:CLW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 46,236 shares of the basic materials company’s stock, valued at approximately $1,376,000.

Several other hedge funds also recently made changes to their positions in CLW. Virtu Financial LLC acquired a new position in Clearwater Paper during the fourth quarter worth $217,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Clearwater Paper in the fourth quarter valued at about $226,000. D.A. Davidson & CO. raised its holdings 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 acquiring an additional 800 shares in the last quarter. Wells Fargo & Company MN boosted its position in Clearwater Paper by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 2,176 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in Clearwater Paper by 124.0% in the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 6,865 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CLW shares. Royal Bank of Canada reiterated an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th. StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, February 17th.

Insider Buying and Selling at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.98, for a total value of $27,145.36. Following the completion of the sale, the senior vice president now directly owns 81,439 shares in the company, valued at $1,952,907.22. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Clearwater Paper Stock Performance

CLW opened at $24.57 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. The stock has a market cap of $398.95 million, a price-to-earnings ratio of 2.09 and a beta of 0.22. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13. The business has a 50 day moving average of $25.41 and a 200-day moving average of $27.27.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data 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 net margin of 10.54% and a negative return on equity of 1.87%.

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.