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

Peak6 LLC purchased a new position in Clearwater Paper Co. (NYSE:CLW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CLW. Virtu Financial LLC bought a new position in shares of Clearwater Paper during the 4th quarter worth approximately $217,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Clearwater Paper in the 4th quarter valued at $226,000. D.A. Davidson & CO. grew 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 during the last quarter. Wells Fargo & Company MN increased its position in shares of Clearwater Paper by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 2,176 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Clearwater Paper during the 4th quarter worth about $367,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clearwater Paper

In related news, SVP Kari G. Moyes sold 1,132 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the sale, the senior vice president now owns 81,439 shares of the company’s stock, valued at approximately $1,952,907.22. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

Clearwater Paper Stock Performance

CLW stock opened at $24.57 on Friday. The stock has a market capitalization of $398.95 million, a PE ratio of 2.09 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. The company has a 50 day moving average price of $25.41 and a 200 day moving average price of $27.27. Clearwater Paper Co. has a fifty-two week low of $22.58 and a fifty-two week high of $57.13.

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

Wall Street Analyst Weigh In

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

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.