Peapod Lane Capital LLC Purchases New Position in Clearwater Paper Corporation (NYSE:CLW)

Peapod Lane Capital LLC bought a new position in shares of Clearwater Paper Corporation (NYSE:CLW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,884 shares of the basic materials company's stock, valued at approximately $1,037,000. Peapod Lane Capital LLC owned 0.25% of Clearwater Paper as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. SummerHaven Investment Management LLC lifted 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 valued at $433,000 after purchasing an additional 448 shares during the last quarter. Barclays PLC lifted its holdings in shares of Clearwater Paper by 2.9% during the 4th quarter. Barclays PLC now owns 27,920 shares of the basic materials company's stock valued at $830,000 after purchasing an additional 781 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Clearwater Paper by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,038 shares of the basic materials company's stock valued at $1,341,000 after purchasing an additional 877 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in shares of Clearwater Paper by 12.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 9,200 shares of the basic materials company's stock valued at $274,000 after purchasing an additional 1,000 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Clearwater Paper by 17.2% in the 1st quarter. D.A. Davidson & CO. now owns 10,200 shares of the basic materials company's stock worth $259,000 after acquiring an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Clearwater Paper Stock Performance

Shares of CLW stock opened at $29.32 on Thursday. The firm has a market capitalization of $476.74 million, a price-to-earnings ratio of 2.84 and a beta of 0.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.66 and a quick ratio of 0.80. The business has a fifty day moving average of $28.35 and a 200 day moving average of $27.71. Clearwater Paper Corporation has a 1 year low of $22.58 and a 1 year high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). The firm had revenue of $378.20 million during the quarter, compared to analysts' expectations of $387.00 million. Clearwater Paper had a negative return on equity of 5.76% and a net margin of 9.90%.

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.

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