nVerses Capital LLC Acquires Shares of 2,600 Clearwater Paper Co. (NYSE:CLW)

nVerses Capital LLC bought a new position in shares of Clearwater Paper Co. (NYSE:CLW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,600 shares of the basic materials company’s stock, valued at approximately $74,000.

A number of other hedge funds have also modified their holdings of the business. Innealta Capital LLC purchased a new stake in Clearwater Paper during the 2nd quarter valued at about $52,000. GAMMA Investing LLC grew its position in shares of Clearwater Paper by 30.3% in the second quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Clearwater Paper in the first quarter valued at approximately $132,000. DekaBank Deutsche Girozentrale purchased a new position in Clearwater Paper during the second quarter worth approximately $153,000. Finally, Caxton Associates LP acquired a new position in Clearwater Paper during the second quarter worth $200,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CLW shares. StockNews.com downgraded Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada upgraded shares of Clearwater Paper from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from $48.00 to $37.00 in a research report on Friday.

Clearwater Paper Trading Down 2.3 %

Shares of Clearwater Paper stock opened at $28.18 on Tuesday. Clearwater Paper Co. has a fifty-two week low of $25.50 and a fifty-two week high of $57.13. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 1.73. The firm has a market capitalization of $469.99 million, a price-to-earnings ratio of 4.71 and a beta of 0.32. The stock has a 50 day moving average of $29.97 and a 200 day moving average of $41.53.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter. The business had revenue of $586.40 million for the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%.

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.