LM Asset IM Inc. Purchases Shares of 42,300 Clearwater Paper Co. (NYSE:CLW)

LM Asset IM Inc. acquired a new position in Clearwater Paper Co. (NYSE:CLW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,300 shares of the basic materials company's stock, valued at approximately $1,259,000. Clearwater Paper accounts for 1.2% of LM Asset IM Inc.'s investment portfolio, making the stock its 8th largest position. LM Asset IM Inc. owned about 0.26% of Clearwater Paper at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its position in shares of Clearwater Paper by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company's stock valued at $1,739,000 after acquiring an additional 2,404 shares during the last quarter. Empowered Funds LLC raised its position in Clearwater Paper by 5.1% in the 4th quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company's stock worth $3,333,000 after purchasing an additional 5,428 shares during the period. D.A. Davidson & CO. lifted its stake in Clearwater Paper by 10.1% in the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock worth $259,000 after purchasing an additional 800 shares during the last quarter. Peregrine Capital Management LLC bought a new stake in Clearwater Paper in the fourth quarter worth about $4,328,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Clearwater Paper during the fourth quarter valued at approximately $226,000. Institutional investors own 89.98% of the company's stock.

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.98, for a total value of $27,145.36. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.55% of the stock is owned by insiders.

Clearwater Paper Stock Performance

Shares of NYSE CLW traded down $0.34 during midday trading on Thursday, reaching $29.51. The company had a trading volume of 67,337 shares, compared to its average volume of 315,295. The stock has a market cap of $479.63 million, a P/E ratio of 2.52 and a beta of 0.16. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. Clearwater Paper Co. has a 1 year low of $22.58 and a 1 year high of $57.13. The business's 50-day simple moving average is $26.18 and its 200 day simple moving average is $27.28.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly earnings data 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 business had revenue of $378.20 million during the quarter, compared to analysts' expectations of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CLW. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, February 18th. Wall Street Zen raised Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th.

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.