First Horizon Advisors Inc. Has $1.05 Million Stock Position in Clearwater Paper Corporation (NYSE:CLW)

First Horizon Advisors Inc. lifted its stake in shares of Clearwater Paper Corporation (NYSE:CLW - Free Report) by 74,042.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 41,520 shares of the basic materials company's stock after acquiring an additional 41,464 shares during the period. First Horizon Advisors Inc. owned approximately 0.26% of Clearwater Paper worth $1,053,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of Clearwater Paper by 7.3% during the 4th 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in Clearwater Paper during the 4th quarter valued at $378,000. D. E. Shaw & Co. Inc. lifted its holdings in 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 buying an additional 195,487 shares during the period. Victory Capital Management Inc. raised its stake in shares of Clearwater Paper by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 61,990 shares of the basic materials company's stock worth $1,845,000 after acquiring an additional 11,750 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Clearwater Paper in the 4th quarter valued at approximately $5,418,000. 89.98% of the stock is currently owned by institutional investors.

Clearwater Paper Stock Performance

Shares of CLW traded up $0.28 during trading hours on Friday, hitting $30.13. The stock had a trading volume of 70,839 shares, compared to its average volume of 318,597. The firm has a market capitalization of $489.91 million, a price-to-earnings ratio of 2.92 and a beta of 0.10. The firm has a 50-day moving average price of $28.11 and a 200 day moving average price of $27.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.80 and a current ratio of 1.66. Clearwater Paper Corporation has a fifty-two week low of $22.58 and a fifty-two week high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $378.20 million during the quarter, compared to analysts' expectations of $387.00 million. Clearwater Paper had a net margin of 9.90% and a negative return on equity of 5.76%.

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.