Two Sigma Investments LP Buys 57,468 Shares of Clearwater Paper Co. (NYSE:CLW)

Two Sigma Investments LP increased its position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 133.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,515 shares of the basic materials company's stock after buying an additional 57,468 shares during the quarter. Two Sigma Investments LP owned about 0.61% of Clearwater Paper worth $2,992,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Clearwater Paper

In other news, SVP Kari G. Moyes sold 1,132 shares of the business's stock in a transaction that occurred 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 owns 81,439 shares of the company's stock, valued at $1,952,907.22. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.55% of the company's stock.

Clearwater Paper Stock Performance

CLW stock traded up $0.42 during mid-day trading on Wednesday, hitting $29.41. The company had a trading volume of 35,103 shares, compared to its average volume of 316,834. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The firm has a market cap of $478.09 million, a PE ratio of 2.51 and a beta of 0.16. Clearwater Paper Co. has a 12 month low of $22.58 and a 12 month high of $57.13. The stock's fifty day moving average price is $26.46 and its two-hundred day moving average price is $27.37.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $378.20 million during the quarter, compared to the consensus estimate 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.