Readystate Asset Management LP Has $14.74 Million Position in Clearwater Paper Corporation (NYSE:CLW)

Readystate Asset Management LP grew its position in Clearwater Paper Corporation (NYSE:CLW - Free Report) by 56.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 580,856 shares of the basic materials company's stock after purchasing an additional 210,141 shares during the period. Readystate Asset Management LP owned about 3.57% of Clearwater Paper worth $14,736,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased 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 worth $18,967,000 after acquiring an additional 43,604 shares in the last quarter. Millennium Management LLC increased 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 worth $12,779,000 after acquiring an additional 393,572 shares in the last quarter. D. E. Shaw & Co. Inc. increased 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 worth $11,561,000 after acquiring an additional 195,487 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Clearwater Paper by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company's stock worth $11,523,000 after acquiring an additional 4,973 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Clearwater Paper by 33.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company's stock worth $8,069,000 after acquiring an additional 68,558 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Stock Up 3.0%

Shares of CLW stock traded up $0.90 during trading hours on Friday, hitting $30.79. 168,328 shares of the company were exchanged, compared to its average volume of 251,634. The company has a market capitalization of $500.65 million, a PE ratio of 2.98 and a beta of 0.10. Clearwater Paper Corporation has a 52 week low of $22.58 and a 52 week high of $56.73. The business has a 50 day moving average of $28.81 and a two-hundred day moving average of $27.62. 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 (NYSE:CLW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.53). Clearwater Paper had a net margin of 9.90% and a negative return on equity of 5.76%. The business had revenue of $378.20 million during the quarter, compared to analyst estimates of $387.00 million.

Analyst Ratings Changes

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

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.