One68 Global Capital LLC Makes New Investment in Clearwater Paper Co. (NYSE:CLW)

One68 Global Capital LLC purchased a new position in Clearwater Paper Co. (NYSE:CLW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,779 shares of the basic materials company's stock, valued at approximately $1,809,000. Clearwater Paper accounts for 0.9% of One68 Global Capital LLC's portfolio, making the stock its 23rd biggest holding. One68 Global Capital LLC owned about 0.37% of Clearwater Paper at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CLW. American Century Companies Inc. lifted its position in shares of 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 worth $18,967,000 after purchasing an additional 43,604 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Clearwater Paper by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company's stock worth $11,523,000 after purchasing an additional 4,973 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Clearwater Paper by 33.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company's stock valued at $8,069,000 after buying an additional 68,558 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in Clearwater Paper by 322.8% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company's stock worth $6,498,000 after acquiring an additional 166,653 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Clearwater Paper in the fourth quarter valued at approximately $5,418,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Insider Buying and Selling at Clearwater Paper

In related news, SVP Kari G. Moyes sold 2,778 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $26.72, for a total transaction of $74,228.16. Following the completion of the sale, the senior vice president now directly owns 83,799 shares in the company, valued at approximately $2,239,109.28. This trade represents a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.55% of the company's stock.

Clearwater Paper Price Performance

Clearwater Paper stock traded down $0.07 during trading hours on Monday, hitting $26.33. 96,426 shares of the company traded hands, compared to its average volume of 311,047. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The firm has a market cap of $427.60 million, a P/E ratio of 2.25 and a beta of 0.22. The firm's 50-day simple moving average is $24.85 and its two-hundred day simple moving average is $27.13. 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 (NYSE:CLW - Get Free Report) last released its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share (EPS) 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 analyst estimates of $387.00 million. Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Wall Street Analysts Forecast Growth

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

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.