Two Sigma Advisers LP Buys 18,400 Shares of Clearwater Paper Co. (NYSE:CLW)

Two Sigma Advisers LP lifted its stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 65.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,500 shares of the basic materials company's stock after buying an additional 18,400 shares during the quarter. Two Sigma Advisers LP owned about 0.28% of Clearwater Paper worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in Clearwater Paper by 7.3% in the fourth quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock worth $18,967,000 after purchasing an additional 43,604 shares during the period. Millennium Management LLC boosted its position in shares of Clearwater Paper by 1,102.7% during the 4th 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% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company's stock valued at $11,561,000 after buying an additional 195,487 shares during the period. Geode Capital Management LLC increased its position in Clearwater Paper by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company's stock valued at $11,523,000 after buying an additional 4,973 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Clearwater Paper by 33.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company's stock valued at $8,069,000 after buying an additional 68,558 shares in the last quarter. Institutional investors own 89.98% of the company's stock.

Clearwater Paper Stock Up 2.2%

Shares of Clearwater Paper stock traded up $0.65 during trading hours 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. The company has a market capitalization of $481.83 million, a P/E ratio of 2.53 and a beta of 0.16. The stock's fifty day simple moving average is $26.54 and its two-hundred day simple moving average is $27.38. Clearwater Paper Co. has a one year low of $22.58 and a one year high of $57.13. 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 announced its quarterly earnings results 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 the consensus estimate of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Insider Activity

In other news, SVP Kari G. Moyes sold 1,132 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was 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 directly owns 81,439 shares of the company's stock, valued at $1,952,907.22. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.55% of the company's stock.

Wall Street Analysts Forecast Growth

CLW has been the subject of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th. Wall Street Zen upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a 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.