JPMorgan Chase & Co. Has $2.56 Million Stake in Clearwater Paper Co. (NYSE:CLW)

JPMorgan Chase & Co. grew its position in Clearwater Paper Co. (NYSE:CLW - Free Report) by 118.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,950 shares of the basic materials company's stock after purchasing an additional 46,611 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.52% of Clearwater Paper worth $2,559,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Clearwater Paper during the fourth quarter valued at $217,000. Cornerstone Investment Partners LLC acquired a new position in shares of Clearwater Paper in the 4th quarter valued at about $226,000. D.A. Davidson & CO. boosted its position in shares of Clearwater Paper by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock valued at $259,000 after purchasing an additional 800 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Clearwater Paper during the fourth quarter worth approximately $378,000. Finally, Barclays PLC increased its holdings in Clearwater Paper by 339.6% in the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock worth $774,000 after purchasing an additional 20,966 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Clearwater Paper

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 transaction, the senior vice president now owns 81,439 shares in the company, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.55% of the stock is currently owned by company insiders.

Clearwater Paper Stock Performance

Shares of Clearwater Paper stock opened at $24.41 on Wednesday. The business has a 50-day simple moving average of $25.24 and a 200 day simple moving average of $27.25. Clearwater Paper Co. has a one year low of $22.58 and a one 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. The firm has a market capitalization of $396.42 million, a price-to-earnings ratio of 2.08 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 Analysts Forecast Growth

A number of equities analysts have issued reports on CLW shares. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 target price on shares of Clearwater Paper in a research note 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.

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