Catalyst Funds Management Pty Ltd Invests $905,000 in Clearwater Paper Co. (NYSE:CLW)

Catalyst Funds Management Pty Ltd acquired a new position in shares of Clearwater Paper Co. (NYSE:CLW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,400 shares of the basic materials company’s stock, valued at approximately $905,000. Catalyst Funds Management Pty Ltd owned about 0.18% of Clearwater Paper as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its stake in Clearwater Paper by 10.1% in the fourth quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Clearwater Paper by 2.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,161 shares of the basic materials company’s stock worth $1,260,000 after purchasing an additional 1,117 shares during the last quarter. PEAK6 Investments LLC lifted its stake in Clearwater Paper by 15.5% in the third quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 1,227 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Clearwater Paper by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company’s stock worth $1,739,000 after purchasing an additional 2,404 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Clearwater Paper by 16.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,762 shares of the basic materials company’s stock worth $1,021,000 after purchasing an additional 4,994 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CLW has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, February 17th.

Clearwater Paper Price Performance

CLW stock opened at $23.93 on Friday. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-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 firm’s 50-day moving average price is $28.66 and its two-hundred day moving average price is $28.35. The stock has a market capitalization of $387.07 million, a price-to-earnings ratio of 2.04 and a beta of 0.37.

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

Insider Activity at Clearwater Paper

In related news, SVP Kari G. Moyes sold 2,778 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $26.72, for a total transaction of $74,228.16. Following the transaction, the senior vice president now owns 83,799 shares in the company, valued at $2,239,109.28. The trade was a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

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.