BlueCrest Capital Management Ltd Buys New Holdings in Clearwater Paper Co. (NYSE:CLW)

BlueCrest Capital Management Ltd acquired a new position in shares of Clearwater Paper Co. (NYSE:CLW) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 12,058 shares of the basic materials company’s stock, valued at approximately $547,000. BlueCrest Capital Management Ltd owned about 0.07% of Clearwater Paper at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in Clearwater Paper by 17.2% in the second quarter. Public Employees Retirement System of Ohio now owns 2,861 shares of the basic materials company’s stock valued at $134,000 after acquiring an additional 420 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Clearwater Paper in the third quarter valued at $182,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Clearwater Paper in the third quarter valued at $204,000. Crossmark Global Holdings Inc. purchased a new stake in Clearwater Paper in the third quarter valued at $256,000. Finally, Teacher Retirement System of Texas purchased a new stake in Clearwater Paper in the fourth quarter valued at $256,000. 87.64% of the stock is owned by institutional investors and hedge funds.

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In other news, VP Michael S. Gadd sold 5,368 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.68, for a total value of $202,266.24. Following the completion of the sale, the vice president now directly owns 11,712 shares of the company’s stock, valued at $441,308.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.41% of the stock is currently owned by corporate insiders.

Shares of NYSE:CLW traded up $0.05 on Friday, reaching $37.20. The company’s stock had a trading volume of 57,582 shares, compared to its average volume of 111,892. Clearwater Paper Co. has a 52-week low of $33.80 and a 52-week high of $57.25. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.45 and a current ratio of 1.08. The stock has a market capitalization of $611.87, a price-to-earnings ratio of 16.03, a PEG ratio of 2.53 and a beta of 0.98.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Monday, February 5th. The basic materials company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). Clearwater Paper had a net margin of 5.63% and a return on equity of 7.12%. The business had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $431.04 million. During the same period in the previous year, the company posted $0.82 earnings per share. Clearwater Paper’s quarterly revenue was up 2.6% on a year-over-year basis. research analysts forecast that Clearwater Paper Co. will post 2.93 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Clearwater Paper from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, April 3rd. ValuEngine cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Royal Bank of Canada reduced their price target on shares of Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Clearwater Paper has an average rating of “Hold” and a consensus target price of $42.50.

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Clearwater Paper Profile

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

Institutional Ownership by Quarter for Clearwater Paper (NYSE:CLW)

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