D. E. Shaw & Co. Inc. Boosts Holdings in Clearwater Paper Co. (NYSE:CLW)

D. E. Shaw & Co. Inc. boosted its stake in Clearwater Paper Co. (NYSE:CLW - Free Report) by 101.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,339 shares of the basic materials company's stock after buying an additional 195,487 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 2.34% of Clearwater Paper worth $11,561,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of Clearwater Paper in the 4th quarter valued at $5,418,000. Cramer Rosenthal Mcglynn LLC raised its stake 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 purchasing an additional 166,653 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Clearwater Paper in the fourth quarter worth approximately $4,328,000. Trexquant Investment LP acquired a new position in Clearwater Paper during the fourth quarter valued at approximately $2,753,000. Finally, KRYGER CAPITAL Ltd purchased a new position in Clearwater Paper in the 4th quarter worth approximately $2,707,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Clearwater Paper Stock Down 0.2%

NYSE CLW traded down $0.05 during trading hours on Monday, hitting $29.27. 20,180 shares of the company traded hands, compared to its average volume of 314,521. The stock has a market capitalization of $475.73 million, a price-to-earnings ratio of 2.50 and a beta of 0.16. The business's 50-day moving average is $25.31 and its 200-day moving average is $27.15. 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 Co. has a twelve month low of $22.58 and a twelve month high of $57.13.

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 firm had revenue of $378.20 million for 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%.

Insider Activity

In other news, SVP Kari G. Moyes sold 2,778 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now owns 83,799 shares in the company, valued at $2,239,109.28. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CLW. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a research 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.

About Clearwater Paper

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.