Clearwater Paper Co. (NYSE:CLW) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC grew its position in shares of Clearwater Paper Co. (NYSE:CLW) by 58.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,078 shares of the basic materials company’s stock after purchasing an additional 2,984 shares during the quarter. Aquatic Capital Management LLC’s holdings in Clearwater Paper were worth $240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Clearwater Paper in the fourth quarter worth about $217,000. Cornerstone Investment Partners LLC acquired a new position in shares of Clearwater Paper in the 4th quarter worth approximately $226,000. D.A. Davidson & CO. raised its holdings in shares of Clearwater Paper by 10.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 800 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Clearwater Paper by 157.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,258 shares of the basic materials company’s stock valued at $276,000 after purchasing an additional 5,658 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Clearwater Paper by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company’s stock worth $312,000 after buying an additional 2,176 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CLW. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com raised Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, February 17th.

Insider Activity 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 shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following 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 document filed with the SEC, which is accessible through the SEC website. 3.55% of the stock is owned by insiders.

Clearwater Paper Stock Performance

Shares of CLW opened at $26.35 on Friday. The company has a 50-day moving average of $24.85 and a two-hundred day moving average of $27.13. The stock has a market cap of $427.92 million, a price-to-earnings ratio of 2.25 and a beta of 0.22. 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 one year low of $22.58 and a one year high of $57.13.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Tuesday, April 29th. The basic materials company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.53). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%. The firm had revenue of $378.20 million during the quarter, compared to analyst estimates of $387.00 million.

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.