Inspire Investing LLC Sells 1,022 Shares of Clearwater Paper Co. (NYSE:CLW)

Inspire Investing LLC lessened its position in Clearwater Paper Co. (NYSE:CLW) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,482 shares of the basic materials company’s stock after selling 1,022 shares during the quarter. Inspire Investing LLC owned 0.08% of Clearwater Paper worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Clearwater Paper by 45.2% during the 3rd quarter. Pacer Advisors Inc. now owns 1,887,015 shares of the basic materials company’s stock valued at $53,855,000 after purchasing an additional 587,043 shares during the last quarter. Readystate Asset Management LP purchased a new stake in Clearwater Paper in the third quarter worth approximately $1,978,000. Intech Investment Management LLC purchased a new position in shares of Clearwater Paper during the third quarter worth approximately $1,043,000. Wedge Capital Management L L P NC lifted its holdings in shares of Clearwater Paper by 33.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 122,991 shares of the basic materials company’s stock worth $3,510,000 after acquiring an additional 30,921 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Clearwater Paper in the 3rd quarter valued at $877,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Up 1.6 %

Shares of Clearwater Paper stock opened at $31.39 on Monday. The company’s 50 day moving average price is $28.29 and its 200-day moving average price is $31.96. Clearwater Paper Co. has a 52-week low of $23.97 and a 52-week high of $57.13. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.13 and a current ratio of 1.78. The stock has a market capitalization of $520.12 million, a price-to-earnings ratio of 36.50 and a beta of 0.32.

Clearwater Paper announced that its Board of Directors has authorized a share repurchase plan on Monday, November 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 23.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

CLW has been the topic of a number of analyst reports. StockNews.com cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. 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.

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.