Peak6 LLC Takes Position in Clearwater Paper Co. (NYSE:CLW)

PEAK6 LLC acquired a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,236 shares of the basic materials company's stock, valued at approximately $1,376,000. PEAK6 LLC owned approximately 0.28% of Clearwater Paper at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its stake in Clearwater Paper by 339.6% in the 3rd quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock valued at $774,000 after buying an additional 20,966 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Clearwater Paper by 7.3% in the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock valued at $18,967,000 after purchasing an additional 43,604 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Clearwater Paper by 124.0% in the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock worth $361,000 after purchasing an additional 6,865 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Clearwater Paper by 14.7% during the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company's stock worth $4,201,000 after purchasing an additional 18,139 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Clearwater Paper during the 4th quarter valued at about $378,000. Institutional investors own 89.98% of the company's stock.

Clearwater Paper Price Performance

NYSE CLW traded up $0.62 on Thursday, hitting $24.68. 279,116 shares of the company were exchanged, compared to its average volume of 306,250. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The firm has a 50 day moving average of $25.18 and a two-hundred day moving average of $27.23. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The company has a market cap of $400.80 million, a P/E ratio of 2.10 and a beta of 0.22.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (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%.

Insider Transactions at Clearwater Paper

In related 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 in the company, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CLW. 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 reaffirmed an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, February 18th.

Clearwater Paper Company 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.