90,000 Shares in Clearwater Paper Co. (NYSE:CLW) Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 90,000 shares of the basic materials company's stock, valued at approximately $2,679,000. Hudson Bay Capital Management LP owned about 0.54% of Clearwater Paper at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Graham Capital Management L.P. bought a new stake in Clearwater Paper in the fourth quarter valued at approximately $238,000. Deutsche Bank AG increased its stake in Clearwater Paper by 58.3% in the fourth quarter. Deutsche Bank AG now owns 15,184 shares of the basic materials company's stock valued at $452,000 after purchasing an additional 5,592 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Clearwater Paper by 101.4% during 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 purchasing an additional 195,487 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Clearwater Paper in the 4th quarter valued at approximately $1,061,000. Finally, CastleKnight Management LP increased its stake in Clearwater Paper by 50.0% during the 4th quarter. CastleKnight Management LP now owns 166,900 shares of the basic materials company's stock worth $4,969,000 after purchasing an additional 55,626 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Insider Activity

In other news, SVP Kari G. Moyes sold 2,778 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $26.72, for a total value of $74,228.16. Following the transaction, the senior vice president now directly owns 83,799 shares of the company's stock, valued at $2,239,109.28. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th.

Clearwater Paper Stock Up 0.7%

Shares of CLW traded up $0.21 during mid-day trading on Friday, hitting $29.28. 166,752 shares of the company's stock were exchanged, compared to its average volume of 314,152. The company has a market cap of $476.01 million, a PE ratio of 2.50 and a beta of 0.16. Clearwater Paper Co. has a 52 week low of $22.58 and a 52 week high of $57.13. The company has a 50-day simple moving average of $25.20 and a 200 day simple moving average of $27.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly 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). The company had revenue of $378.20 million for 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 Company 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.