One68 Global Capital LLC Invests $1.81 Million in Clearwater Paper Co. (NYSE:CLW)

One68 Global Capital LLC purchased 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 filing with the Securities and Exchange Commission. The fund purchased 60,779 shares of the basic materials company's stock, valued at approximately $1,809,000. Clearwater Paper accounts for about 0.9% of One68 Global Capital LLC's portfolio, making the stock its 23rd largest holding. One68 Global Capital LLC owned 0.37% of Clearwater Paper as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CLW. Virtu Financial LLC acquired a new position in shares of Clearwater Paper in the 4th quarter valued at $217,000. Cornerstone Investment Partners LLC purchased a new position in Clearwater Paper during the fourth quarter worth about $226,000. Aquatic Capital Management LLC increased its position in shares of Clearwater Paper by 58.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,078 shares of the basic materials company's stock valued at $240,000 after acquiring an additional 2,984 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Clearwater Paper by 10.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock valued at $259,000 after acquiring an additional 800 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Clearwater Paper by 157.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,258 shares of the basic materials company's stock worth $276,000 after purchasing an additional 5,658 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Clearwater Paper Stock Down 0.8 %

CLW stock traded down $0.20 during midday trading on Friday, hitting $26.35. The company's stock had a trading volume of 302,966 shares, compared to its average volume of 311,402. The firm has a 50-day simple moving average of $24.85 and a 200-day simple moving average of $27.14. The firm has a market capitalization of $427.92 million, a P/E ratio of 2.25 and a beta of 0.22. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33. Clearwater Paper Co. has a 52-week low of $22.58 and a 52-week high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its 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). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%. The company had revenue of $378.20 million for the quarter, compared to analyst estimates of $387.00 million.

Analyst Upgrades and Downgrades

A number of research firms have commented on CLW. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price target 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 report on Monday, February 17th.

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the transaction, the senior vice president now owns 81,439 shares in the company, valued at $1,952,907.22. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.55% of the company's stock.

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.