Arrowstreet Capital Limited Partnership Boosts Position in Clearwater Paper Co. (NYSE:CLW)

Arrowstreet Capital Limited Partnership lifted its holdings in Clearwater Paper Co. (NYSE:CLW - Free Report) by 33.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,056 shares of the basic materials company's stock after acquiring an additional 68,558 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.64% of Clearwater Paper worth $8,069,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Clearwater Paper during the 4th quarter worth about $217,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Clearwater Paper in the fourth quarter worth about $226,000. D.A. Davidson & CO. grew 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 during the period. HighTower Advisors LLC raised its position in Clearwater Paper by 124.0% during the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock valued at $361,000 after acquiring an additional 6,865 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Clearwater Paper in the fourth quarter valued at approximately $378,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Insider Activity

In other news, SVP Kari G. Moyes sold 2,778 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $26.72, for a total value of $74,228.16. Following the transaction, the senior vice president now owns 83,799 shares in the company, valued at $2,239,109.28. This trade represents a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.30% of the company's stock.

Clearwater Paper Price Performance

CLW stock traded down $0.05 during mid-day trading on Friday, reaching $24.50. 251,137 shares of the company's stock were exchanged, compared to its average volume of 303,211. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13. The stock's 50 day moving average is $26.06 and its 200 day moving average is $27.40. The company has a market cap of $397.90 million, a price-to-earnings ratio of 2.09 and a beta of 0.22.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.84). Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Analyst Ratings Changes

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

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.