Jump Financial LLC Invests $872,000 in Clearwater Paper Co. (NYSE:CLW)

Jump Financial LLC bought a new stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,296 shares of the basic materials company's stock, valued at approximately $872,000. Jump Financial LLC owned 0.18% of Clearwater Paper as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CLW. XTX Topco Ltd purchased a new stake in Clearwater Paper in the 4th quarter worth $367,000. Barclays PLC increased 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 in the last quarter. Sterling Capital Management LLC increased its stake in shares of Clearwater Paper by 26,758.9% during the fourth quarter. Sterling Capital Management LLC now owns 15,041 shares of the basic materials company's stock worth $448,000 after purchasing an additional 14,985 shares in the last quarter. KRYGER CAPITAL Ltd acquired a new position in shares of Clearwater Paper during the 4th quarter worth about $2,707,000. Finally, Russell Investments Group Ltd. lifted its stake in Clearwater Paper by 56.2% in the 4th quarter. Russell Investments Group Ltd. now owns 32,192 shares of the basic materials company's stock valued at $958,000 after buying an additional 11,586 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on CLW shares. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th.

Clearwater Paper Price Performance

Shares of NYSE:CLW traded down $0.26 during midday trading on Friday, hitting $24.40. The company's stock had a trading volume of 183,891 shares, compared to its average volume of 308,042. The company has a market cap of $396.26 million, a P/E 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. The business's 50 day simple moving average is $25.06 and its 200 day simple moving average is $27.20. 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 released its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.84). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.55% of the stock is currently owned by company insiders.

About Clearwater Paper

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.