Cubist Systematic Strategies LLC Purchases New Stake in Clearwater Paper Co. (NYSE:CLW)

Cubist Systematic Strategies LLC purchased a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 35,640 shares of the basic materials company's stock, valued at approximately $1,061,000. Cubist Systematic Strategies LLC owned 0.22% of Clearwater Paper as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. increased its position in Clearwater Paper by 7.3% during the fourth quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock worth $18,967,000 after acquiring an additional 43,604 shares during the period. Barclays PLC grew its stake in Clearwater Paper by 339.6% during the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock worth $774,000 after buying an additional 20,966 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in Clearwater Paper by 14.7% during the fourth 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Clearwater Paper during the fourth quarter worth about $378,000. Finally, D.A. Davidson & CO. grew its stake in 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. 89.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLW. Royal Bank of Canada reiterated 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 upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Monday, February 17th.

Clearwater Paper Price Performance

Shares of CLW traded up $0.21 during mid-day trading on Friday, reaching $29.28. The company had a trading volume of 166,752 shares, compared to its average volume of 314,819. The company's 50 day simple moving average is $25.31 and its 200 day simple moving average is $27.13. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The company has a market capitalization of $476.01 million, a price-to-earnings ratio of 2.50 and a beta of 0.16.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted 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 company had revenue of $378.20 million during 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%.

Insider Activity at Clearwater Paper

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the firm's stock in a transaction that occurred on 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 trade represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.55% of the stock is owned by company insiders.

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.