Schonfeld Strategic Advisors LLC Decreases Stake in Clearwater Paper Co. (NYSE:CLW)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 65.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,700 shares of the basic materials company's stock after selling 14,700 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Clearwater Paper were worth $229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Clearwater Paper during the 4th quarter worth about $217,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Clearwater Paper during the 4th quarter worth about $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 worth $240,000 after acquiring an additional 2,984 shares in the last quarter. 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 worth $259,000 after acquiring an additional 800 shares in the last quarter. 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 worth $276,000 after acquiring an additional 5,658 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction that occurred on 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 in the company, valued at approximately $1,952,907.22. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com raised Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. 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.

Clearwater Paper Stock Performance

NYSE:CLW traded up $0.44 during mid-day trading on Monday, reaching $29.75. 194,482 shares of the stock were exchanged, compared to its average volume of 315,195. The company has a 50 day simple moving average of $25.44 and a 200-day simple moving average of $27.18. The stock has a market capitalization of $483.62 million, a P/E ratio of 2.54 and a beta of 0.16. 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 1 year low of $22.58 and a 1 year high of $57.13.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly 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 analysts' expectations of $387.00 million. Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Clearwater Paper 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.