Point72 Asset Management L.P. Takes $378,000 Position in Clearwater Paper Co. (NYSE:CLW)

Point72 Asset Management L.P. bought a new stake in Clearwater Paper Co. (NYSE:CLW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,697 shares of the basic materials company's stock, valued at approximately $378,000. Point72 Asset Management L.P. owned approximately 0.08% of Clearwater Paper as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Clearwater Paper during the 4th quarter valued at about $217,000. Cornerstone Investment Partners LLC bought a new stake in shares of Clearwater Paper during the 4th quarter valued at about $226,000. Graham Capital Management L.P. bought a new stake in shares of Clearwater Paper during the 4th quarter valued at about $238,000. Aquatic Capital Management LLC grew its position in shares of Clearwater Paper by 58.6% during the 4th quarter. Aquatic Capital Management LLC now owns 8,078 shares of the basic materials company's stock valued at $240,000 after buying an additional 2,984 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Clearwater Paper by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock valued at $259,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the completion of the transaction, the senior vice president now owns 81,439 shares in the company, valued at approximately $1,952,907.22. This represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.55% of the stock is owned by insiders.

Clearwater Paper Stock Performance

NYSE CLW traded down $0.53 on Thursday, hitting $29.31. The stock had a trading volume of 29,091 shares, compared to its average volume of 315,172. Clearwater Paper Co. has a one year low of $22.58 and a one year high of $57.13. 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 stock has a market cap of $476.46 million, a price-to-earnings ratio of 2.50 and a beta of 0.16. The company's 50-day moving average is $26.18 and its two-hundred day moving average is $27.28.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its earnings results 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). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%. The firm had revenue of $378.20 million during the quarter, compared to the consensus estimate of $387.00 million.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CLW shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th. Wall Street Zen raised shares of 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.