CenterBook Partners LP Takes $6.03 Million Position in Clearwater Paper Corporation (NYSE:CLW)

CenterBook Partners LP purchased a new position in Clearwater Paper Corporation (NYSE:CLW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 237,652 shares of the basic materials company's stock, valued at approximately $6,029,000. CenterBook Partners LP owned approximately 1.46% of Clearwater Paper at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLW. Vanguard Group Inc. boosted its position in shares of Clearwater Paper by 1.9% during the first quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company's stock valued at $28,982,000 after buying an additional 20,936 shares during the period. American Century Companies Inc. boosted its position in shares of 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 valued at $18,967,000 after buying an additional 43,604 shares during the period. Readystate Asset Management LP boosted its position in shares of Clearwater Paper by 56.7% during the first quarter. Readystate Asset Management LP now owns 580,856 shares of the basic materials company's stock valued at $14,736,000 after buying an additional 210,141 shares during the period. Millennium Management LLC boosted its position in shares of Clearwater Paper by 1,102.7% during the fourth quarter. Millennium Management LLC now owns 429,264 shares of the basic materials company's stock valued at $12,779,000 after buying an additional 393,572 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Clearwater Paper by 101.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company's stock valued at $11,561,000 after buying an additional 195,487 shares during the period. Hedge funds and other institutional investors own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th.

Clearwater Paper Trading Down 0.7%

Shares of Clearwater Paper stock traded down $0.22 on Thursday, hitting $29.05. 130,497 shares of the company traded hands, compared to its average volume of 318,062. The stock's 50 day moving average price is $28.70 and its 200-day moving average price is $27.64. The company has a current ratio of 1.66, a quick ratio of 0.80 and a debt-to-equity ratio of 0.34. Clearwater Paper Corporation has a 52 week low of $22.58 and a 52 week high of $57.13. The company has a market cap of $472.27 million, a PE ratio of 2.81 and a beta of 0.10.

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 the consensus estimate of $0.17 by ($0.53). The company had revenue of $378.20 million for the quarter, compared to the consensus estimate of $387.00 million. Clearwater Paper had a net margin of 9.90% and a negative return on equity of 5.76%.

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.