Seven Six Capital Management LLC Acquires Shares of 66,909 Clearwater Paper Co. (NYSE:CLW)

Seven Six Capital Management LLC acquired a new stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,909 shares of the basic materials company's stock, valued at approximately $1,992,000. Clearwater Paper accounts for approximately 1.7% of Seven Six Capital Management LLC's investment portfolio, making the stock its 24th largest holding. Seven Six Capital Management LLC owned 0.40% of Clearwater Paper as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new position in Clearwater Paper during the fourth quarter valued at $217,000. Cornerstone Investment Partners LLC bought a new position in shares of Clearwater Paper in the fourth quarter worth $226,000. Graham Capital Management L.P. bought a new position in shares of Clearwater Paper in the fourth quarter worth $238,000. Aquatic Capital Management LLC boosted its holdings in shares of Clearwater Paper by 58.6% in the fourth 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 during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of Clearwater Paper by 10.1% in the fourth 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 during the period. 89.98% of the stock is owned by institutional investors.

Clearwater Paper Price Performance

Shares of NYSE CLW traded down $0.09 during midday trading on Tuesday, hitting $29.67. 165,941 shares of the company's stock were exchanged, compared to its average volume of 315,094. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month 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 has a market cap of $482.32 million, a price-to-earnings ratio of 2.53 and a beta of 0.16. The business's fifty day moving average price is $25.44 and its two-hundred day moving average price is $27.18.

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 for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). The firm had revenue of $378.20 million during the quarter, compared to the consensus estimate of $387.00 million. Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Insider Buying and Selling

In related news, SVP Kari G. Moyes sold 1,132 shares of the business's 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 completion of the sale, 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 filing with the SEC, which is available through the SEC website. 3.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.