Trexquant Investment LP Purchases New Stake in Clearwater Paper Co. (NYSE:CLW)

Trexquant Investment LP acquired a new position in shares of Clearwater Paper Co. (NYSE:CLW) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 92,468 shares of the basic materials company’s stock, valued at approximately $2,753,000.

Several other hedge funds have also recently bought and sold shares of CLW. Peregrine Capital Management LLC acquired a new stake in shares of Clearwater Paper during the 4th quarter worth approximately $4,328,000. Arrowstreet Capital Limited Partnership lifted its stake in Clearwater Paper by 33.9% during the fourth 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 during the last quarter. Sei Investments Co. bought a new stake in Clearwater Paper during the fourth quarter worth $2,010,000. JPMorgan Chase & Co. boosted its holdings in shares of Clearwater Paper by 118.5% in the 4th quarter. JPMorgan Chase & Co. now owns 85,950 shares of the basic materials company’s stock valued at $2,559,000 after purchasing an additional 46,611 shares in the last quarter. Finally, American Century Companies Inc. increased 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 during the last quarter. 89.98% of the stock is owned by institutional investors.

Insider Activity at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 81,439 shares in the company, valued at $1,952,907.22. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 17th.

Clearwater Paper Stock Down 1.2 %

Shares of NYSE:CLW opened at $24.43 on Tuesday. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13. The company has a market capitalization of $396.74 million, a PE ratio of 2.08 and a beta of 0.22. 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 company has a fifty day moving average of $26.94 and a 200-day moving average of $27.58.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.84). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

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.