Centiva Capital LP Buys Shares of 9,066 Clearwater Paper Co. (NYSE:CLW)

Centiva Capital LP bought a new stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,066 shares of the basic materials company's stock, valued at approximately $270,000. Centiva Capital LP owned approximately 0.05% of Clearwater Paper at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CLW. Virtu Financial LLC purchased a new position in Clearwater Paper during the 4th quarter valued at about $217,000. Cornerstone Investment Partners LLC purchased a new position in Clearwater Paper during the 4th quarter valued at about $226,000. Aquatic Capital Management LLC increased its holdings in Clearwater Paper by 58.6% during the 4th quarter. Aquatic Capital Management LLC now owns 8,078 shares of the basic materials company's stock valued at $240,000 after acquiring an additional 2,984 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock worth $259,000 after buying an additional 800 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $276,000 after buying an additional 5,658 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLW has been the subject of a number of recent research reports. StockNews.com upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, February 18th.

Insider Buying and Selling

In other news, SVP Kari G. Moyes sold 1,132 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the transaction, the senior vice president now owns 81,439 shares in the company, valued at approximately $1,952,907.22. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.55% of the company's stock.

Clearwater Paper Price Performance

Clearwater Paper stock opened at $27.69 on Tuesday. 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 price of $24.93 and a 200 day moving average price of $27.08. The company has a market cap of $450.13 million, a price-to-earnings ratio of 2.36 and a beta of 0.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). The business had revenue of $378.20 million for the quarter, compared to analyst estimates of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

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.

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