Peapod Lane Capital LLC Takes $1.04 Million Position in Clearwater Paper Corporation (NYSE:CLW)

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

Several other institutional investors have also modified their holdings of CLW. Millennium Management LLC grew its stake in shares of Clearwater Paper by 1,102.7% during the fourth quarter. Millennium Management LLC now owns 429,264 shares of the basic materials company's stock worth $12,779,000 after purchasing an additional 393,572 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of 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 purchasing an additional 195,487 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Clearwater Paper during the fourth quarter worth $5,418,000. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Clearwater Paper by 322.8% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company's stock worth $6,498,000 after purchasing an additional 166,653 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in shares of Clearwater Paper during the fourth quarter worth $2,828,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Clearwater Paper Stock Up 1.9%

Shares of CLW stock traded up $0.57 on Thursday, reaching $30.00. 120,159 shares of the stock were exchanged, compared to its average volume of 319,140. 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 50 day moving average price is $28.35 and its 200 day moving average price is $27.71. The company has a market capitalization of $487.80 million, a price-to-earnings ratio of 2.90 and a beta of 0.10. Clearwater Paper Corporation has a twelve month low of $22.58 and a twelve month 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) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). Clearwater Paper had a net margin of 9.90% and a negative return on equity of 5.76%. The company had revenue of $378.20 million during the quarter, compared to analysts' expectations of $387.00 million.

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.