Laurion Capital Management LP Takes $595,000 Position in Clearwater Paper Co. (NYSE:CLW)

Laurion Capital Management LP acquired a new stake in shares of Clearwater Paper Co. (NYSE:CLW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the basic materials company’s stock, valued at approximately $595,000. Laurion Capital Management LP owned 0.12% of Clearwater Paper as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of Clearwater Paper by 7.3% during the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company’s stock valued at $18,967,000 after buying an additional 43,604 shares during the period. D. E. Shaw & Co. Inc. grew its stake in shares of Clearwater Paper by 101.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company’s stock valued at $11,561,000 after buying an additional 195,487 shares during the period. Geode Capital Management LLC grew its stake in shares of Clearwater Paper by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company’s stock valued at $11,523,000 after buying an additional 4,973 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Clearwater Paper by 33.9% during the 4th 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. Finally, Cramer Rosenthal Mcglynn LLC grew its stake in shares of Clearwater Paper by 322.8% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company’s stock valued at $6,498,000 after buying an additional 166,653 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 1,132 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.98, for a total value of $27,145.36. Following the transaction, the senior vice president now owns 81,439 shares in the company, valued at $1,952,907.22. The trade was a 1.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.55% of the stock is currently owned by company insiders.

Clearwater Paper Stock Down 1.5%

Shares of Clearwater Paper stock opened at $26.97 on Monday. The company has a fifty day moving average price of $24.89 and a 200 day moving average price of $27.07. 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 twelve month low of $22.58 and a twelve month high of $57.13. The stock has a market cap of $438.42 million, a price-to-earnings ratio of 2.30 and a beta of 0.16.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.53). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%. The business had revenue of $378.20 million for the quarter, compared to analysts’ expectations of $387.00 million.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CLW shares. StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th.

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.