Royce & Associates LP Purchases 15,525 Shares of Clearwater Paper Co. (NYSE:CLW)

Royce & Associates LP raised its position in Clearwater Paper Co. (NYSE:CLW) by 158.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,340 shares of the basic materials company’s stock after purchasing an additional 15,525 shares during the quarter. Royce & Associates LP owned 0.15% of Clearwater Paper worth $723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLW. Dimensional Fund Advisors LP grew its holdings in Clearwater Paper by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,408,298 shares of the basic materials company’s stock worth $68,261,000 after acquiring an additional 10,074 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Clearwater Paper by 26.2% in the second quarter. Pacer Advisors Inc. now owns 1,299,972 shares of the basic materials company’s stock worth $63,010,000 after purchasing an additional 269,937 shares during the last quarter. Vanguard Group Inc. increased its holdings in Clearwater Paper by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,218,874 shares of the basic materials company’s stock valued at $53,301,000 after purchasing an additional 17,166 shares during the period. American Century Companies Inc. raised its position in Clearwater Paper by 23.2% during the 2nd quarter. American Century Companies Inc. now owns 495,358 shares of the basic materials company’s stock worth $24,010,000 after purchasing an additional 93,123 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Clearwater Paper by 24.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 219,983 shares of the basic materials company’s stock worth $10,663,000 after buying an additional 42,935 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Clearwater Paper Trading Up 4.3 %

Shares of CLW stock opened at $26.03 on Thursday. The company has a market cap of $431.27 million, a P/E ratio of 30.27 and a beta of 0.34. Clearwater Paper Co. has a fifty-two week low of $24.17 and a fifty-two week high of $57.13. The stock has a 50 day simple moving average of $27.51 and a two-hundred day simple moving average of $39.17. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.13 and a current ratio of 1.78.

Clearwater Paper announced that its board has approved a share repurchase program on Monday, November 4th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the basic materials company to purchase up to 23.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CLW. 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, November 5th. StockNews.com cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th.

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.