2 weeks Ago By Defense World Staff
Geode Capital Management LLC raised its stake in Clearwater Paper Co. (NYSE:CLW – Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 386,976 shares of the basic materials company’s stock after buying an additional 4,973 shares during the quarter. Geode Capital Management LLC owned approximately 2.34% of Clearwater Paper worth $11,523,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new position in Clearwater Paper in the fourth quarter valued at approximately $217,000. Cornerstone Investment Partners LLC purchased a new stake in Clearwater Paper in the fourth quarter valued at $226,000.
D.A. Davidson & CO.
lifted its stake in shares of Clearwater Paper by 10.1% in the 4th quarter. D.
A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 800 shares during the last quarter.
KLP Kapitalforvaltning AS acquired a new stake in shares of Clearwater Paper during the 4th quarter worth about $378,000. Finally, Barclays PLC increased its position in shares of Clearwater Paper by 339.6% during the 3rd quarter.
Barclays PLC now owns 27,139 shares of the basic materials company’s stock worth $774,000 after purchasing an additional 20,966 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.
Clearwater Paper Trading Up 0.0 %Shares of NYSE CLW opened at $24.41 on Wednesday.
The stock has a fifty day simple moving average of $25.24 and a 200-day simple moving average of $27.25.
Clearwater Paper Co. has a twelve month low of $22.58 and a twelve month high of $57.
13. The company has a current ratio of 1.70, a quick ratio of 0.
90 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $396.
42 million, a PE ratio of 2.08 and a beta of 0.22.
Clearwater Paper (NYSE:CLW – Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (EPS) 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%. Analysts Set New Price TargetsA number of research firms have commented on CLW.
StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. Royal Bank of Canada restated an “outperform” rating and issued a $37.
00 price objective on shares of Clearwater Paper in a report on Tuesday, February 18th.View Our Latest Stock Report on CLWInsider Buying and SellingIn related news, SVP Kari G. Moyes sold 2,778 shares of Clearwater Paper stock in a transaction on Thursday, February 27th.
The stock was sold at an average price of $26.72, for a total value of $74,228.16.
Following the completion of the transaction, the senior vice president now directly owns 83,799 shares in the company, valued at approximately $2,239,109.28. This trade represents a 3.
21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.
55% of the stock is owned by insiders. About Clearwater Paper (Free Report)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.Recommended StoriesFive stocks we like better than Clearwater PaperEV Stocks and How to Profit from Them How to Invest in Micro-Cap Stocks Like a Pro3 Tickers Leading a Meme Stock RevivalInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? Comparing and Trading High PE Ratio StocksTake-Two Interactive: A Defensive Play Set to Explode.
