Catalyst Funds Management Pty Ltd Invests $905,000 in Clearwater Paper Co. (NYSE:CLW)

Catalyst Funds Management Pty Ltd purchased a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,400 shares of the basic materials company's stock, valued at approximately $905,000. Catalyst Funds Management Pty Ltd owned 0.18% of Clearwater Paper as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Clearwater Paper by 45.2% during the 3rd quarter. Pacer Advisors Inc. now owns 1,887,015 shares of the basic materials company's stock worth $53,855,000 after acquiring an additional 587,043 shares in the last quarter. Barclays PLC boosted its stake in shares of Clearwater Paper by 339.6% in the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock valued at $774,000 after purchasing an additional 20,966 shares during the period. HighTower Advisors LLC grew its holdings in shares of 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. Y Intercept Hong Kong Ltd acquired a new position in shares of Clearwater Paper in the third quarter valued at approximately $877,000. Finally, Intech Investment Management LLC purchased a new stake in Clearwater Paper during the 3rd quarter worth approximately $1,043,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Stock Up 1.4 %

Shares of Clearwater Paper stock traded up $0.33 on Tuesday, reaching $24.37. 186,010 shares of the company were exchanged, compared to its average volume of 284,817. The stock's 50 day moving average price is $28.36 and its 200-day moving average price is $28.08. The company has a market cap of $394.10 million, a P/E ratio of 2.08 and a beta of 0.37. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90.

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Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings results 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 negative return on equity of 1.87% and a net margin of 10.54%.

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the sale, the senior vice president now directly owns 81,439 shares of the company's stock, valued at $1,952,907.22. The trade was a 1.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

CLW has been the subject of several recent research reports. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a 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.