JPMorgan Chase & Co. Purchases 46,611 Shares of Clearwater Paper Co. (NYSE:CLW)

JPMorgan Chase & Co. boosted its stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 118.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,950 shares of the basic materials company's stock after purchasing an additional 46,611 shares during the period. JPMorgan Chase & Co. owned about 0.52% of Clearwater Paper worth $2,559,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLW. Peregrine Capital Management LLC bought a new position in Clearwater Paper during the fourth quarter valued at approximately $4,328,000. Sei Investments Co. purchased a new stake in Clearwater Paper during the fourth quarter valued at approximately $2,010,000. American Century Companies Inc. increased its holdings in Clearwater Paper by 7.3% during the fourth quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock valued at $18,967,000 after buying an additional 43,604 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Clearwater Paper during the fourth quarter valued at approximately $905,000. Finally, Corient Private Wealth LLC increased its holdings in Clearwater Paper by 115.9% during the fourth quarter. Corient Private Wealth LLC now owns 50,655 shares of the basic materials company's stock valued at $1,508,000 after buying an additional 27,189 shares during the last quarter. Institutional investors own 89.98% of the company's stock.

Insider Transactions at Clearwater Paper

In other news, SVP Kari G. Moyes sold 2,778 shares of Clearwater Paper stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.72, for a total value of $74,228.16. Following the sale, the senior vice president now directly owns 83,799 shares of the company's stock, valued at approximately $2,239,109.28. The trade was a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.55% of the company's stock.

Clearwater Paper Price Performance

NYSE:CLW traded up $0.01 on Monday, reaching $24.43. 375,786 shares of the company's stock traded hands, compared to its average volume of 308,313. 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 50-day simple moving average of $24.99 and a 200-day simple moving average of $27.18. The firm has a market cap of $396.74 million, a PE ratio of 2.08 and a beta of 0.22. Clearwater Paper Co. has a 12 month low of $22.58 and a 12 month high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The basic materials company reported ($1.17) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.84). Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Wall Street Analyst Weigh In

CLW has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com raised Clearwater Paper from a "sell" rating to a "hold" rating in a report on Monday, February 17th.

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.