CastleKnight Management LP Purchases 55,626 Shares of Clearwater Paper Co. (NYSE:CLW)

CastleKnight Management LP raised its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,900 shares of the basic materials company's stock after buying an additional 55,626 shares during the period. CastleKnight Management LP owned about 1.01% of Clearwater Paper worth $4,969,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CLW. Marshall Wace LLP acquired a new stake in Clearwater Paper during the 4th quarter valued at approximately $5,418,000. Cramer Rosenthal Mcglynn LLC increased its stake in Clearwater Paper by 322.8% during 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 buying an additional 166,653 shares during the period. Peregrine Capital Management LLC bought a new position in Clearwater Paper during the 4th quarter valued at $4,328,000. Trexquant Investment LP bought a new stake in Clearwater Paper in the fourth quarter worth about $2,753,000. Finally, KRYGER CAPITAL Ltd bought a new stake in Clearwater Paper during the fourth quarter worth approximately $2,707,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Clearwater Paper Trading Down 1.5 %

CLW stock traded down $0.40 during midday trading on Friday, reaching $26.97. The company's stock had a trading volume of 179,868 shares, compared to its average volume of 313,784. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13. The stock has a market cap of $438.42 million, a PE ratio of 2.30 and a beta of 0.16. The business's 50-day simple moving average is $24.89 and its 200-day simple moving average is $27.08.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.53). Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%. The firm had revenue of $378.20 million during the quarter, compared to the consensus estimate of $387.00 million.

Insider Buying and Selling

In other news, SVP Kari G. Moyes sold 1,132 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now owns 81,439 shares in the company, valued at $1,952,907.22. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.