UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 1,117 Shares of Clearwater Paper Co. (NYSE:CLW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Clearwater Paper Co. (NYSE:CLW) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,161 shares of the basic materials company’s stock after purchasing an additional 1,117 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of Clearwater Paper worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Clearwater Paper during the second quarter worth $52,000. nVerses Capital LLC bought a new position in shares of Clearwater Paper in the 3rd quarter valued at $74,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Clearwater Paper during the 2nd quarter valued at $153,000. Caxton Associates LP bought a new stake in Clearwater Paper during the 2nd quarter worth $200,000. Finally, Arizona State Retirement System acquired a new position in Clearwater Paper in the 2nd quarter worth about $225,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Clearwater Paper Stock Performance

NYSE CLW opened at $25.28 on Wednesday. The company has a market capitalization of $418.89 million, a price-to-earnings ratio of 29.40 and a beta of 0.33. The company has a quick ratio of 1.13, a current ratio of 1.78 and a debt-to-equity ratio of 1.72. Clearwater Paper Co. has a twelve month low of $23.97 and a twelve month high of $57.13. The stock has a fifty day simple moving average of $26.84 and a 200 day simple moving average of $36.05.

Clearwater Paper declared that its board has approved a share buyback program on Monday, November 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 23.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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.