Elite Financial Inc. Takes Position in Clearwater Paper Corporation (NYSE:CLW)

Elite Financial Inc. purchased a new stake in shares of Clearwater Paper Corporation (NYSE:CLW) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,803 shares of the basic materials company’s stock, valued at approximately $74,000.

Several other institutional investors have also recently made changes to their positions in CLW. Millennium Management LLC raised its position in shares of Clearwater Paper by 1,102.7% during the 4th quarter. Millennium Management LLC now owns 429,264 shares of the basic materials company’s stock valued at $12,779,000 after buying an additional 393,572 shares during the period. D. E. Shaw & Co. Inc. raised its position in Clearwater Paper by 101.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company’s stock valued at $11,561,000 after purchasing an additional 195,487 shares during the period. Marshall Wace LLP purchased a new stake in Clearwater Paper in the fourth quarter valued at approximately $5,418,000. Cramer Rosenthal Mcglynn LLC raised its position 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 valued at $6,498,000 after purchasing an additional 166,653 shares during the period. Finally, LMR Partners LLP purchased a new stake in Clearwater Paper in the fourth quarter valued at approximately $2,828,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Up 0.9%

Shares of NYSE CLW opened at $30.13 on Friday. The firm has a market cap of $489.91 million, a price-to-earnings ratio of 2.92 and a beta of 0.10. The company has a quick ratio of 0.80, a current ratio of 1.66 and a debt-to-equity ratio of 0.34. Clearwater Paper Corporation has a 52-week low of $22.58 and a 52-week high of $57.13. The business’s 50 day moving average is $28.11 and its two-hundred day moving average is $27.65.

Clearwater Paper (NYSE:CLW) last announced 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 during the quarter, compared to analysts’ expectations of $387.00 million. Clearwater Paper had a net margin of 9.90% and a negative return on equity of 5.76%.

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.