30,745 Shares in Clearwater Paper Co. (NYSE:CLW) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Clearwater Paper Co. (NYSE:CLW) during the 3rd quarter, Holdings Channel.com reports. The fund bought 30,745 shares of the basic materials company’s stock, valued at approximately $877,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System lifted its position in shares of Clearwater Paper by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the basic materials company’s stock valued at $407,000 after buying an additional 200 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Clearwater Paper by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 23,515 shares of the basic materials company’s stock worth $1,140,000 after purchasing an additional 287 shares in the last quarter. Innealta Capital LLC purchased a new position in Clearwater Paper in the 2nd quarter worth approximately $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Clearwater Paper by 2.6% in the 3rd 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 in the last quarter. Finally, PEAK6 Investments LLC lifted its holdings in Clearwater Paper by 15.5% in the 3rd 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 in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CLW. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, November 5th. StockNews.com cut Clearwater Paper from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th.

Clearwater Paper Stock Performance

NYSE:CLW opened at $25.07 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.78 and a quick ratio of 1.13. Clearwater Paper Co. has a 1 year low of $24.17 and a 1 year high of $57.13. The stock’s 50 day simple moving average is $26.89 and its two-hundred day simple moving average is $36.65. The company has a market cap of $415.36 million, a price-to-earnings ratio of 29.15 and a beta of 0.33.

Clearwater Paper declared that its board has authorized a stock buyback plan on Monday, November 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 23.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.