ExodusPoint Capital Management LP Reduces Position in Clearwater Paper Co. (NYSE:CLW)

ExodusPoint Capital Management LP cut its holdings in shares of Clearwater Paper Co. (NYSE:CLW) by 40.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,963 shares of the basic materials company’s stock after selling 28,278 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Clearwater Paper were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CLW. Peregrine Capital Management LLC purchased a new stake in Clearwater Paper during the fourth quarter valued at about $4,328,000. Trexquant Investment LP purchased a new stake in Clearwater Paper during the fourth quarter valued at about $2,753,000. Arrowstreet Capital Limited Partnership increased its position in shares of Clearwater Paper by 33.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company’s stock valued at $8,069,000 after buying an additional 68,558 shares during the period. Sei Investments Co. bought a new stake in shares of Clearwater Paper during the fourth quarter valued at about $2,010,000. Finally, JPMorgan Chase & Co. increased its position in shares of Clearwater Paper by 118.5% during the fourth quarter. JPMorgan Chase & Co. now owns 85,950 shares of the basic materials company’s stock valued at $2,559,000 after buying an additional 46,611 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 81,439 shares in the company, valued at $1,952,907.22. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Clearwater Paper Stock Up 5.0 %

CLW stock opened at $25.03 on Thursday. 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 moving average is $26.31 and its 200 day moving average is $27.46. The stock has a market cap of $406.49 million, a price-to-earnings ratio of 2.13 and a beta of 0.22. Clearwater Paper Co. has a 1-year low of $22.58 and a 1-year high of $57.13.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.84). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated 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 upgraded Clearwater Paper from a “sell” rating to a “hold” rating in a research 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.