28,560 Shares in Clearwater Paper Co. (NYSE:CLW) Bought by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new stake in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 28,560 shares of the basic materials company's stock, valued at approximately $815,000. Cinctive Capital Management LP owned approximately 0.17% of Clearwater Paper as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLW. Vanguard Group Inc. increased its position in Clearwater Paper by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 1,218,874 shares of the basic materials company's stock valued at $53,301,000 after buying an additional 17,166 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 worth $53,000 after purchasing an additional 255 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Clearwater Paper by 24.3% during the second quarter. Assenagon Asset Management S.A. now owns 219,983 shares of the basic materials company's stock worth $10,663,000 after acquiring an additional 42,935 shares during the last quarter. Ellsworth Advisors LLC purchased a new position in shares of Clearwater Paper during the second quarter valued at approximately $525,000. Finally, SummerHaven Investment Management LLC boosted its position in shares of Clearwater Paper by 1.2% during the second quarter. SummerHaven Investment Management LLC now owns 23,515 shares of the basic materials company's stock valued at $1,140,000 after buying an additional 287 shares during the period. Institutional investors own 89.98% of the company's stock.

Clearwater Paper Price Performance

Shares of CLW stock traded up $0.23 during mid-day trading on Wednesday, hitting $27.17. 292,408 shares of the stock were exchanged, compared to its average volume of 251,745. The company has a market cap of $450.21 million, a PE ratio of 31.33 and a beta of 0.33. Clearwater Paper Co. has a 52-week low of $24.17 and a 52-week high of $57.13. The firm has a fifty day moving average of $27.05 and a 200 day moving average of $37.67. 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 announced that its board has authorized a stock buyback plan on Monday, November 4th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the basic materials company to buy up to 23.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

CLW has been the subject of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price on shares of Clearwater Paper in a report on Tuesday, November 5th. StockNews.com downgraded Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th.

About Clearwater Paper

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.