Squarepoint Ops LLC Has $1.04 Million Stock Position in Clearwater Paper Co. (NYSE:CLW)

Squarepoint Ops LLC raised its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 201.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 34,788 shares of the basic materials company's stock after acquiring an additional 23,247 shares during the period. Squarepoint Ops LLC owned approximately 0.21% of Clearwater Paper worth $1,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Clearwater Paper by 2.9% during the fourth quarter. Barclays PLC now owns 27,920 shares of the basic materials company's stock worth $830,000 after purchasing an additional 781 shares during the period. D.A. Davidson & CO. boosted its holdings 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 buying an additional 800 shares during the last quarter. Turtle Creek Asset Management Inc. grew its position 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 worth $274,000 after buying an additional 1,000 shares during the period. Wells Fargo & Company MN increased its stake in shares of Clearwater Paper by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 10,495 shares of the basic materials company's stock valued at $312,000 after acquiring an additional 2,176 shares during the last quarter. Finally, Woodmont Investment Counsel LLC raised its position in shares of Clearwater Paper by 6.1% in the 4th quarter. Woodmont Investment Counsel LLC now owns 37,662 shares of the basic materials company's stock valued at $1,121,000 after acquiring an additional 2,180 shares during the period. Institutional investors own 89.98% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CLW shares. Wall Street Zen upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th.

Insider Activity

In related news, SVP Kari G. Moyes sold 1,132 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the sale, the senior vice president now directly owns 81,439 shares of the company's stock, valued at approximately $1,952,907.22. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.55% of the company's stock.

Clearwater Paper Trading Up 2.2%

NYSE:CLW traded up $0.65 on Wednesday, reaching $29.64. The company's stock had a trading volume of 183,110 shares, compared to its average volume of 318,157. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The business's 50-day moving average price is $26.54 and its two-hundred day moving average price is $27.38. The firm has a market cap of $481.83 million, a PE ratio of 2.53 and a beta of 0.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share (EPS) 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 10.54% and a negative return on equity of 1.87%.

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.