Quadrature Capital Ltd acquired a new position in Clearwater Paper Co. (NYSE:CLW – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,665 shares of the basic materials company’s stock, valued at approximately $515,000. Quadrature Capital Ltd owned about 0.08% of Clearwater Paper as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. lifted its stake in Clearwater Paper by 0.3% during the 1st quarter. BlackRock Inc. now owns 2,717,282 shares of the basic materials company’s stock valued at $76,165,000 after acquiring an additional 6,953 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Clearwater Paper by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,210,160 shares of the basic materials company’s stock valued at $45,501,000 after purchasing an additional 41,501 shares during the last quarter. Vanguard Group Inc. grew its holdings in Clearwater Paper by 1.8% during the first quarter. Vanguard Group Inc. now owns 1,189,845 shares of the basic materials company’s stock worth $33,351,000 after acquiring an additional 20,592 shares during the period. State Street Corp grew its holdings in Clearwater Paper by 1.2% during the second quarter. State Street Corp now owns 598,810 shares of the basic materials company’s stock worth $20,138,000 after acquiring an additional 6,962 shares during the period. Finally, Millennium Management LLC grew its holdings in Clearwater Paper by 86.4% during the second quarter. Millennium Management LLC now owns 398,762 shares of the basic materials company’s stock worth $13,410,000 after acquiring an additional 184,832 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, SVP Steve M. Bowden sold 2,964 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $38.34, for a total value of $113,639.76. Following the completion of the transaction, the senior vice president now directly owns 51,636 shares of the company’s stock, valued at approximately $1,979,724.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Clearwater Paper news, CFO Michael John Murphy sold 5,041 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $38.33, for a total value of $193,221.53. Following the transaction, the chief financial officer now directly owns 60,355 shares of the company’s stock, valued at approximately $2,313,407.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steve M. Bowden sold 2,964 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $38.34, for a total value of $113,639.76. Following the completion of the sale, the senior vice president now owns 51,636 shares of the company’s stock, valued at $1,979,724.24. The disclosure for this sale can be found here. Insiders have sold a total of 16,690 shares of company stock worth $633,678 over the last quarter. 1.77% of the stock is currently owned by corporate insiders.
Clearwater Paper Price Performance
Clearwater Paper (NYSE:CLW – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.21). Clearwater Paper had a return on equity of 11.26% and a net margin of 2.21%. The company had revenue of $526.70 million for the quarter, compared to analyst estimates of $518.00 million. During the same quarter last year, the company earned $0.82 EPS.
Wall Street Analyst Weigh In
CLW has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on shares of Clearwater Paper from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 15th. TheStreet lowered shares of Clearwater Paper from a “b” rating to a “c” rating in a research note on Wednesday, February 15th. Finally, StockNews.com lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd.
About Clearwater Paper
Clearwater Paper Corp. engages in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. It operates through the Consumer Products and Pulp and Paperboard segments. The Consumer Products segment manufactures and sells a complete line of at-home tissue products. The Pulp and Paperboard segment produces and markets solid bleached sulfate paperboard for the high-end segment of the packaging industry and offers custom sheeting, slitting, and cutting of paperboard.
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