Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Steven Cohen’s SAC Capital Buys More $CLW

Steven Cohen’s SAC Capital Advisors revealed on October 21st that it now has 1,233,595 shares in Clearwater Paper Corporation (CLW), or 5.4% stake. As reported in its last 13F filing, SAC Capital increased its position by 269% to 43,701 shares in CLW in the second quarter, so now its position is almost tripled. CLW slumped in the second quarter and had a mixed path after then, with a large volatility and small trading volume. The stock has slightly lost 8% year to date and is priced at $36.12 now. SAC Capital might entered near $35 on October 3rd. 


Eighteen hedge funds had CLW in their portfolios in the second quarter. Chuck Royce’s Royce & Associates had the most, with 1.03 million shares or 4.38% stake in CLW, up by 18% from Q1. David Gallo’s Valinor Management increased its position by 45% and owned 883 thousand shares, corresponding to a 3.87% stake. Jim Simons’ Renaissance Technologies had 68 thousand shares at that time.

Stamford, Connecticut-based SAC Capital is founded by Steven Cohen in 1992. SAC is a diversified hedge fund that uses both fundamental and quantitative analysis based approaches. Cohen is one of the legendary traders and a billionaire. He is estimated to have an $8 Billion new worth.

Clearwater Paper Corporation is a private label tissue and paperboard products producer. The company primarily pulp-bases and manufactures its products at 13 manufacturing locations in the United States and one in Canada. It offers consumer tissue, away-from-home tissue, parent roll tissue, machine-glazed tissue, foam, bleached paperboard, pulp and wood products. The company operates Consumer Products segment and Pulp and Paperboard segment, and markets its products to retailers and wholesale distributors. It acquired Cellu Tissue Holdings, Inc. on December 27, 2010. The company is based in Spokane, Washington.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!