Cubist Systematic Strategies LLC Buys New Position in Clearwater Paper Co. (NYSE:CLW)

Cubist Systematic Strategies LLC bought a new stake in shares of Clearwater Paper Co. (NYSE:CLW) during the 4th quarter, HoldingsChannel reports. The firm bought 35,640 shares of the basic materials company’s stock, valued at approximately $1,061,000.

Several other hedge funds have also modified their holdings of CLW. Virtu Financial LLC purchased a new stake in Clearwater Paper during the 4th quarter worth approximately $217,000. Cornerstone Investment Partners LLC purchased a new stake in Clearwater Paper during the 4th quarter worth approximately $226,000. Aquatic Capital Management LLC increased its holdings in 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 purchasing an additional 2,984 shares during the last quarter. D.A. Davidson & CO. increased its holdings in 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 purchasing an additional 800 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in Clearwater Paper during the 4th quarter worth approximately $270,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CLW. Royal Bank of Canada restated an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com upgraded Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, February 17th.

Clearwater Paper Price Performance

Shares of CLW opened at $28.58 on Wednesday. The firm has a market cap of $464.60 million, a price-to-earnings ratio of 2.44 and a beta of 0.16. The stock has a 50 day moving average of $25.01 and a 200-day moving average of $27.09. The company has a current ratio of 1.70, a quick ratio of 0.90 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) last issued 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). The firm 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%.

Insider Transactions at Clearwater Paper

In other 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 completion of the transaction, the senior vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.55% of the company’s stock.

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.