Clearwater Paper Co. (NYSE:CLW) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP decreased its holdings in Clearwater Paper Co. (NYSE:CLW - Free Report) by 40.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,963 shares of the basic materials company's stock after selling 28,278 shares during the quarter. ExodusPoint Capital Management LP owned about 0.25% of Clearwater Paper worth $1,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in Clearwater Paper in the fourth quarter valued at about $4,328,000. Trexquant Investment LP purchased a new position in shares of Clearwater Paper in the 4th quarter valued at approximately $2,753,000. Arrowstreet Capital Limited Partnership boosted its stake in Clearwater Paper by 33.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company's stock worth $8,069,000 after purchasing an additional 68,558 shares in the last quarter. Sei Investments Co. acquired a new stake in Clearwater Paper in the 4th quarter worth approximately $2,010,000. Finally, JPMorgan Chase & Co. grew its position in Clearwater Paper by 118.5% during the 4th quarter. JPMorgan Chase & Co. now owns 85,950 shares of the basic materials company's stock worth $2,559,000 after purchasing an additional 46,611 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Stock Performance

NYSE CLW traded down $0.11 during trading hours on Tuesday, reaching $24.52. The stock had a trading volume of 11,098 shares, compared to its average volume of 302,381. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13. The stock has a fifty day moving average of $25.92 and a 200 day moving average of $27.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The stock has a market cap of $398.12 million, a P/E ratio of 2.09 and a beta of 0.22.

Clearwater Paper (NYSE:CLW - Get Free Report) 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%.

Wall Street Analyst Weigh In

CLW has been the subject of a number of research analyst reports. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a research note on Tuesday, February 18th.

Insider Buying and Selling at Clearwater Paper

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 81,439 shares of the company's stock, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

About Clearwater Paper

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.