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

Catalyst Funds Management Pty Ltd bought a new position in Clearwater Paper Co. (NYSE:CLW) during the 4th quarter, HoldingsChannel reports. The fund bought 30,400 shares of the basic materials company’s stock, valued at approximately $905,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Clearwater Paper by 23.4% in the fourth quarter. Victory Capital Management Inc. now owns 61,990 shares of the basic materials company’s stock worth $1,845,000 after buying an additional 11,750 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of Clearwater Paper in the fourth quarter worth approximately $226,000. Peregrine Capital Management LLC bought a new position in shares of Clearwater Paper in the fourth quarter worth approximately $4,328,000. D.A. Davidson & CO. lifted its stake in shares of 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 buying an additional 800 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Clearwater Paper by 5.1% in the fourth quarter. Empowered Funds LLC now owns 111,947 shares of the basic materials company’s stock worth $3,333,000 after buying an additional 5,428 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Up 4.1 %

Shares of Clearwater Paper stock opened at $23.93 on Friday. The company has a market cap of $387.07 million, a price-to-earnings ratio of 2.04 and a beta of 0.37. The company’s 50 day moving average is $28.66 and its 200 day moving average is $28.35. Clearwater Paper Co. has a twelve month low of $22.58 and a twelve month high of $57.13. The company has a quick ratio of 0.90, a current ratio of 1.70 and a debt-to-equity ratio of 0.33.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded 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 set a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 2,778 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.72, for a total value of $74,228.16. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Clearwater Paper 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.