42,300 Shares in Clearwater Paper Co. (NYSE:CLW) Acquired by LM Asset IM Inc.

LM Asset IM Inc. purchased a new stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,300 shares of the basic materials company's stock, valued at approximately $1,259,000. Clearwater Paper makes up approximately 1.2% of LM Asset IM Inc.'s investment portfolio, making the stock its 8th biggest position. LM Asset IM Inc. owned about 0.26% of Clearwater Paper as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in 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. KLP Kapitalforvaltning AS bought a new position in shares of Clearwater Paper in the 4th quarter worth about $378,000. Victory Capital Management Inc. lifted its position in 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 valued at $1,845,000 after acquiring an additional 11,750 shares during the period. D.A. Davidson & CO. boosted its stake in Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock worth $259,000 after acquiring an additional 800 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Clearwater Paper in the fourth quarter worth about $5,418,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the transaction, the senior vice president now directly owns 81,439 shares of the company's stock, valued at $1,952,907.22. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.55% of the company's stock.

Analysts Set New Price Targets

CLW has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of Clearwater Paper in a research note on Tuesday, February 18th. Wall Street Zen upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Monday, February 17th.

Clearwater Paper Stock Up 4.5%

Shares of NYSE:CLW traded up $1.30 on Tuesday, hitting $30.23. 201,588 shares of the company traded hands, compared to its average volume of 316,281. The stock has a 50 day simple moving average of $25.96 and a 200-day simple moving average of $27.24. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. The company has a market cap of $491.42 million, a PE ratio of 2.58 and a beta of 0.16. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced 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 firm had revenue of $378.20 million for 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%.

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.