Barclays PLC Buys 20,966 Shares of Clearwater Paper Co. (NYSE:CLW)

Barclays PLC grew its stake in Clearwater Paper Co. (NYSE:CLW - Free Report) by 339.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,139 shares of the basic materials company's stock after purchasing an additional 20,966 shares during the period. Barclays PLC owned about 0.16% of Clearwater Paper worth $774,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CLW. Y Intercept Hong Kong Ltd acquired a new position in shares of Clearwater Paper in the 3rd quarter valued at $877,000. Readystate Asset Management LP bought a new position in shares of Clearwater Paper during the third quarter valued at $1,978,000. HighTower Advisors LLC grew its holdings in shares of Clearwater Paper by 124.0% in the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock worth $361,000 after purchasing an additional 6,865 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in shares of Clearwater Paper during the 3rd quarter worth about $815,000. Finally, Paloma Partners Management Co bought a new position in Clearwater Paper during the 3rd quarter valued at about $209,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Clearwater Paper Trading Up 1.0 %

NYSE CLW traded up $0.29 during trading hours on Thursday, hitting $29.77. The company's stock had a trading volume of 211,411 shares, compared to its average volume of 364,291. Clearwater Paper Co. has a twelve month low of $23.97 and a twelve month high of $57.13. The firm has a market capitalization of $493.26 million, a P/E ratio of 34.61 and a beta of 0.32. The company has a quick ratio of 1.13, a current ratio of 1.78 and a debt-to-equity ratio of 1.72. The stock has a fifty day moving average of $27.70 and a 200 day moving average of $32.84.

Clearwater Paper declared that its board has authorized a share buyback plan 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 reacquire up to 23.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

CLW has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a research note on Tuesday, November 5th. StockNews.com lowered 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.