LMR Partners LLP Acquires Shares of 95,000 Clearwater Paper Co. (NYSE:CLW)

LMR Partners LLP purchased a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 95,000 shares of the basic materials company's stock, valued at approximately $2,828,000. LMR Partners LLP owned approximately 0.57% of Clearwater Paper as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Clearwater Paper by 7.3% during the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock worth $18,967,000 after purchasing an additional 43,604 shares during the last quarter. Barclays PLC boosted its stake in Clearwater Paper by 339.6% in the 3rd quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock valued at $774,000 after purchasing an additional 20,966 shares during the period. Wedge Capital Management L L P NC increased its position in Clearwater Paper by 14.7% during the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company's stock worth $4,201,000 after buying an additional 18,139 shares during the period. KLP Kapitalforvaltning AS bought a new position in Clearwater Paper during the fourth quarter worth about $378,000. Finally, D.A. Davidson & CO. increased its holdings in shares of 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 worth $259,000 after purchasing an additional 800 shares during the period. 89.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Clearwater Paper

In related news, SVP Kari G. Moyes sold 2,778 shares of the firm's 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 owns 83,799 shares of the company's stock, valued at approximately $2,239,109.28. This trade represents a 3.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.55% of the stock is currently owned by corporate insiders.

Clearwater Paper Trading Down 0.4%

NYSE:CLW traded down $0.13 on Monday, reaching $29.18. 40,993 shares of the stock traded hands, compared to its average volume of 314,596. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The company's 50 day moving average is $25.31 and its 200-day moving average is $27.15. The firm has a market capitalization of $474.35 million, a price-to-earnings ratio of 2.49 and a beta of 0.16. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.53). The business had revenue of $378.20 million during 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%.

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.