Schonfeld Strategic Advisors LLC trimmed its holdings in Clearwater Paper Co. (NYSE:CLW - Free Report) by 65.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,700 shares of the basic materials company's stock after selling 14,700 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Clearwater Paper were worth $229,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Clearwater Paper during the 4th quarter valued at approximately $217,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Clearwater Paper during the 4th quarter valued at approximately $226,000. Aquatic Capital Management LLC raised its position in shares of Clearwater Paper by 58.6% during the 4th quarter. Aquatic Capital Management LLC now owns 8,078 shares of the basic materials company's stock valued at $240,000 after buying an additional 2,984 shares during the period. D.A. Davidson & CO. raised its position in shares of Clearwater Paper by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock valued at $259,000 after buying an additional 800 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 valued at $276,000 after buying an additional 5,658 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.
Clearwater Paper Trading Up 0.7%
Clearwater Paper stock traded up $0.21 during trading on Friday, hitting $29.28. The company had a trading volume of 166,752 shares, compared to its average volume of 314,819. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The company's 50 day simple moving average is $25.31 and its 200-day simple moving average is $27.13. The stock has a market cap of $476.01 million, a price-to-earnings ratio of 2.50 and a beta of 0.16.
Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly 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). The business had revenue of $378.20 million during 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 Analyst Weigh In
CLW has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th.
Read Our Latest Stock Report on Clearwater Paper
Insiders Place Their Bets
In related news, SVP Kari G. Moyes sold 1,132 shares of the business's stock in a transaction 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 approximately $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 SEC, which is accessible through the SEC website. Insiders own 3.55% of the company's stock.
Clearwater Paper Profile
(
Free Report)
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.
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