Clearwater Paper Co. (NYSE:CLW) Shares Bought by CastleKnight Management LP

CastleKnight Management LP grew its stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 50.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 1.01% of Clearwater Paper worth $4,969,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Clearwater Paper by 339.6% during the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock valued at $774,000 after acquiring an additional 20,966 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Clearwater Paper by 14.7% during the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company's stock worth $4,201,000 after buying an additional 18,139 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Clearwater Paper by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company's stock worth $1,739,000 after purchasing an additional 2,404 shares during the period. Empowered Funds LLC boosted its stake in Clearwater Paper by 5.1% in the fourth quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company's stock valued at $3,333,000 after acquiring an additional 5,428 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in 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 buying an additional 800 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction that occurred 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 sale, the senior vice president now owns 81,439 shares of the company's stock, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.55% of the company's stock.

Clearwater Paper Stock Down 1.1 %

Shares of NYSE:CLW opened at $26.10 on Tuesday. The stock has a market cap of $424.33 million, a price-to-earnings ratio of 2.23 and a beta of 0.16. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $24.83 and its 200 day moving average is $27.11.

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 the consensus estimate of $0.17 by ($0.53). The business had revenue of $378.20 million for the quarter, compared to analysts' expectations 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.