Virtu Financial LLC Takes Position in Clearwater Paper Co. (NYSE:CLW)

Virtu Financial LLC bought a new position in Clearwater Paper Co. (NYSE:CLW) during the fourth quarter, HoldingsChannel reports. The fund bought 7,304 shares of the basic materials company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CLW. Paloma Partners Management Co purchased a new stake in Clearwater Paper in the third quarter worth about $209,000. D.A. Davidson & CO. grew its stake in shares of Clearwater Paper by 23.4% during the 3rd quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 1,500 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in Clearwater Paper in the 4th quarter worth approximately $226,000. PEAK6 Investments LLC raised its stake in Clearwater Paper by 15.5% during the 3rd quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company’s stock worth $260,000 after acquiring an additional 1,227 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Clearwater Paper by 124.0% during the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 6,865 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Stock Down 2.1 %

NYSE CLW opened at $25.36 on Friday. 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. The stock’s 50 day moving average is $27.67 and its 200 day moving average is $27.78. The stock has a market cap of $410.12 million, a PE ratio of 2.16 and a beta of 0.37.

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

Insider Activity

In related news, SVP Kari G. Moyes sold 1,132 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.98, for a total value of $27,145.36. Following the sale, the senior vice president now directly owns 81,439 shares in the company, valued at approximately $1,952,907.22. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

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