Quest Partners LLC Purchases New Shares in Clearwater Paper Co. (NYSE:CLW)

Quest Partners LLC acquired a new position in Clearwater Paper Co. (NYSE:CLW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,166 shares of the basic materials company’s stock, valued at approximately $295,000.

Several other large investors also recently made changes to their positions in CLW. Trexquant Investment LP bought a new position in shares of Clearwater Paper in the fourth quarter valued at about $408,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Clearwater Paper in the fourth quarter worth about $535,000. Jump Financial LLC lifted its position in shares of Clearwater Paper by 79.0% during the fourth quarter. Jump Financial LLC now owns 14,500 shares of the basic materials company’s stock worth $524,000 after purchasing an additional 6,400 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Clearwater Paper by 115.6% during the fourth quarter. BNP Paribas Financial Markets now owns 19,471 shares of the basic materials company’s stock valued at $703,000 after purchasing an additional 10,439 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Clearwater Paper by 14.1% in the fourth quarter. Teacher Retirement System of Texas now owns 29,477 shares of the basic materials company’s stock valued at $1,065,000 after purchasing an additional 3,648 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Up 0.6 %

Shares of NYSE:CLW opened at $52.32 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.91 and a quick ratio of 0.82. The stock has a market cap of $872.70 million, a price-to-earnings ratio of 8.75 and a beta of 0.51. The company has a 50 day moving average of $44.26 and a 200-day moving average of $38.84. Clearwater Paper Co. has a one year low of $29.22 and a one year high of $52.36.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings data on Monday, April 29th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.32. The firm had revenue of $496.20 million for the quarter. Clearwater Paper had a net margin of 4.92% and a return on equity of 17.35%. During the same period in the previous year, the business posted $1.47 earnings per share.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com downgraded Clearwater Paper from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd. Royal Bank of Canada boosted their target price on Clearwater Paper from $41.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th.

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.