US Bancorp DE Has $37,000 Stake in Clearwater Paper Co. (NYSE:CLW)

US Bancorp DE trimmed its stake in Clearwater Paper Co. (NYSE:CLW) by 41.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300 shares of the basic materials company’s stock after selling 924 shares during the quarter. US Bancorp DE’s holdings in Clearwater Paper were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CLW. SG Americas Securities LLC acquired a new position in Clearwater Paper in the 1st quarter worth about $132,000. Sei Investments Co. increased its stake in shares of Clearwater Paper by 18.6% during the 1st quarter. Sei Investments Co. now owns 39,458 shares of the basic materials company’s stock worth $1,726,000 after purchasing an additional 6,178 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 17,166 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Clearwater Paper by 14.2% in the first quarter. Acadian Asset Management LLC now owns 157,139 shares of the basic materials company’s stock worth $6,867,000 after purchasing an additional 19,590 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Clearwater Paper by 64.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,252 shares of the basic materials company’s stock worth $1,279,000 after buying an additional 11,482 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Stock Performance

NYSE CLW opened at $24.81 on Tuesday. Clearwater Paper Co. has a 12-month low of $24.17 and a 12-month high of $57.13. The firm has a 50-day moving average price of $27.63 and a two-hundred day moving average price of $39.40. 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 company has a market capitalization of $411.10 million, a P/E ratio of 28.85 and a beta of 0.34.

Clearwater Paper declared that its board has initiated a share buyback plan on Monday, November 4th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 23.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

CLW has been the subject of several research reports. StockNews.com cut Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, November 5th.

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.