nVerses Capital LLC Buys New Stake in Clearwater Paper Co. (NYSE:CLW)

nVerses Capital LLC purchased a new position in shares of Clearwater Paper Co. (NYSE:CLW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,600 shares of the basic materials company’s stock, valued at approximately $74,000.

A number of other institutional investors have also modified their holdings of the stock. Diversified Trust Co purchased a new position in Clearwater Paper during the first quarter valued at approximately $213,000. Allspring Global Investments Holdings LLC grew its stake in shares of Clearwater Paper by 780.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 109,134 shares of the basic materials company’s stock worth $4,772,000 after purchasing an additional 96,740 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Clearwater Paper by 141.7% during the 1st quarter. BNP Paribas Financial Markets now owns 47,056 shares of the basic materials company’s stock valued at $2,058,000 after purchasing an additional 27,585 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Clearwater Paper by 153.4% in the 1st quarter. Quantbot Technologies LP now owns 15,561 shares of the basic materials company’s stock valued at $680,000 after purchasing an additional 9,419 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Clearwater Paper by 8.0% during the first quarter. Empowered Funds LLC now owns 93,959 shares of the basic materials company’s stock worth $4,109,000 after buying an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

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

Clearwater Paper Price Performance

Shares of NYSE CLW opened at $28.18 on Tuesday. 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 fifty day moving average of $29.97 and a 200 day moving average of $41.53. The firm has a market cap of $469.99 million, a PE ratio of 4.71 and a beta of 0.32. Clearwater Paper Co. has a one year low of $25.50 and a one year high of $57.13.

Clearwater Paper (NYSE:CLW) last released its earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) EPS for the quarter. The company 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 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.