LMR Partners LLP Acquires New Stake in Clearwater Paper Co. (NYSE:CLW)

LMR Partners LLP bought a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 95,000 shares of the basic materials company's stock, valued at approximately $2,828,000. LMR Partners LLP owned about 0.57% of Clearwater Paper as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLW. American Century Companies Inc. increased 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 valued at $18,967,000 after purchasing an additional 43,604 shares during the last quarter. Barclays PLC grew its holdings in shares of Clearwater Paper by 339.6% during the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock worth $774,000 after buying an additional 20,966 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Clearwater Paper by 14.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company's stock valued at $4,201,000 after purchasing an additional 18,139 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Clearwater Paper during the fourth quarter valued at approximately $378,000. Finally, D.A. Davidson & CO. boosted its position in Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock valued at $259,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 89.98% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CLW. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Monday, February 17th.

Clearwater Paper Price Performance

CLW stock traded up $0.21 during midday trading on Friday, reaching $29.28. 166,752 shares of the stock were exchanged, compared to its average volume of 314,819. The stock has a market capitalization 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 debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90. The company has a fifty day moving average price of $25.31 and a 200 day moving average price of $27.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). The firm had revenue of $378.20 million for the quarter, compared to the consensus estimate of $387.00 million. Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Insiders Place Their Bets

In other news, SVP Kari G. Moyes sold 1,132 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.98, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.55% of the company's stock.

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.