LMR Partners LLP Takes Position in Clearwater Paper Co. (NYSE:CLW)

LMR Partners LLP bought a new position in Clearwater Paper Co. (NYSE:CLW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 95,000 shares of the basic materials company’s stock, valued at approximately $2,828,000. LMR Partners LLP owned about 0.57% of Clearwater Paper as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in Clearwater Paper by 7.3% in the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company’s stock worth $18,967,000 after purchasing an additional 43,604 shares in the last quarter. Barclays PLC increased its holdings in shares of Clearwater Paper by 339.6% during the 3rd quarter. Barclays PLC now owns 27,139 shares of the basic materials company’s stock valued at $774,000 after purchasing an additional 20,966 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Clearwater Paper by 14.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 141,130 shares of the basic materials company’s stock valued at $4,201,000 after purchasing an additional 18,139 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Clearwater Paper during the fourth quarter worth $378,000. Finally, D.A. Davidson & CO. boosted its holdings in Clearwater Paper by 10.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock worth $259,000 after buying an additional 800 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Royal Bank of Canada restated an “outperform” rating and issued a $37.00 price target on shares of Clearwater Paper in a research note on Tuesday, February 18th.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 2,778 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $26.72, for a total transaction of $74,228.16. Following the transaction, the senior vice president now owns 83,799 shares in the company, valued at approximately $2,239,109.28. This represents a 3.21% decrease in their ownership of the stock. 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.

Clearwater Paper Stock Performance

Shares of CLW stock opened at $28.58 on Wednesday. The company has a market capitalization of $464.60 million, a P/E ratio of 2.44 and a beta of 0.16. The business’s 50 day moving average is $25.01 and its two-hundred day moving average is $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 12-month low of $22.58 and a 12-month high of $57.13.

Clearwater Paper (NYSE:CLW) last issued 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 business 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.