Centiva Capital LP Makes New Investment in Clearwater Paper Co. (NYSE:CLW)

Centiva Capital LP purchased a new position in Clearwater Paper Co. (NYSE:CLW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,066 shares of the basic materials company's stock, valued at approximately $270,000. Centiva Capital LP owned about 0.05% of Clearwater Paper at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Clearwater Paper in the fourth quarter worth about $5,418,000. Cramer Rosenthal Mcglynn LLC lifted its holdings in Clearwater Paper by 322.8% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company's stock valued at $6,498,000 after acquiring an additional 166,653 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in Clearwater Paper during the 4th quarter worth about $4,328,000. Trexquant Investment LP acquired a new stake in Clearwater Paper during the 4th quarter worth about $2,753,000. Finally, KRYGER CAPITAL Ltd acquired a new stake in Clearwater Paper during the 4th quarter worth about $2,707,000. Institutional investors own 89.98% of the company's stock.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 2,778 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $26.72, for a total transaction of $74,228.16. Following the completion of the sale, the senior vice president now owns 83,799 shares of the company's stock, valued at $2,239,109.28. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.55% of the company's stock.

Clearwater Paper Stock Up 0.7%

NYSE:CLW traded up $0.21 during mid-day trading on Friday, reaching $29.28. The stock had a trading volume of 166,752 shares, compared to its average volume of 315,680. The business's 50 day moving average is $25.31 and its 200 day moving average is $27.15. Clearwater Paper Co. has a fifty-two week low of $22.58 and a fifty-two week high of $57.13. The stock has a market cap of $476.01 million, a P/E ratio of 2.50 and a beta of 0.16. 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 (NYSE:CLW - Get Free Report) last released 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). The firm had revenue of $378.20 million during the quarter, compared to analyst estimates of $387.00 million. Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CLW shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th.

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.