Mutual Advisors LLC Buys Shares of 30,567 Clearwater Paper Corporation (NYSE:CLW)

Mutual Advisors LLC acquired a new stake in Clearwater Paper Corporation (NYSE:CLW - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 30,567 shares of the basic materials company's stock, valued at approximately $746,000. Mutual Advisors LLC owned approximately 0.19% of Clearwater Paper at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of Clearwater Paper by 74,042.9% during the 1st quarter. First Horizon Advisors Inc. now owns 41,520 shares of the basic materials company's stock worth $1,053,000 after purchasing an additional 41,464 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Clearwater Paper during the 1st quarter worth $239,000. Woodmont Investment Counsel LLC grew its holdings in shares of Clearwater Paper by 5.3% during the 1st quarter. Woodmont Investment Counsel LLC now owns 39,670 shares of the basic materials company's stock worth $1,006,000 after purchasing an additional 2,008 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Clearwater Paper during the 1st quarter worth $152,000. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Clearwater Paper by 2.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 17,056 shares of the basic materials company's stock worth $433,000 after purchasing an additional 448 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Price Performance

Shares of CLW remained flat at $29.82 during trading hours on Tuesday. The stock had a trading volume of 1,600 shares, compared to its average volume of 317,427. The stock has a market capitalization of $484.75 million, a P/E ratio of 2.89 and a beta of 0.10. Clearwater Paper Corporation has a 12 month low of $22.58 and a 12 month high of $57.13. The company has a current ratio of 1.66, a quick ratio of 0.80 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $28.21 and its two-hundred day simple moving average is $27.69.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly earnings data 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 business had revenue of $378.20 million during the quarter, compared to analyst estimates of $387.00 million. Clearwater Paper had a net margin of 9.90% and a negative return on equity of 5.76%.

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.