Clearwater Paper (NYSE:CLW) Shares Down 2.5%

Clearwater Paper Co. (NYSE:CLWGet Rating)’s share price was down 2.5% during trading on Friday . The company traded as low as $34.74 and last traded at $34.74. Approximately 3,569 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 79,499 shares. The stock had previously closed at $35.63.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Clearwater Paper from a “buy” rating to a “hold” rating in a report on Thursday, January 12th. BMO Capital Markets raised their target price on shares of Clearwater Paper from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, November 1st. Finally, Royal Bank of Canada downgraded Clearwater Paper from an “outperform” rating to a “sector perform” rating and set a $45.00 price target on the stock. in a research report on Tuesday, November 1st.

Clearwater Paper Price Performance

The company has a quick ratio of 0.82, a current ratio of 1.93 and a debt-to-equity ratio of 0.99. The firm has a market cap of $579.97 million, a PE ratio of 9.61 and a beta of 0.89. The stock has a 50 day moving average price of $37.68 and a two-hundred day moving average price of $39.05.

Clearwater Paper (NYSE:CLWGet Rating) last released its earnings results on Monday, October 31st. The basic materials company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.31. Clearwater Paper had a net margin of 3.01% and a return on equity of 15.16%. The company had revenue of $538.80 million during the quarter, compared to analysts’ expectations of $551.00 million. During the same period last year, the business earned $0.55 EPS. As a group, equities analysts expect that Clearwater Paper Co. will post 4.44 earnings per share for the current year.

Insider Activity at Clearwater Paper

In other Clearwater Paper news, VP Michael S. Gadd sold 8,500 shares of Clearwater Paper stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $37.33, for a total transaction of $317,305.00. Following the completion of the sale, the vice president now owns 61,366 shares of the company’s stock, valued at approximately $2,290,792.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.77% of the stock is owned by insiders.

Institutional Trading of Clearwater Paper

Several large investors have recently made changes to their positions in CLW. Lazard Asset Management LLC boosted its holdings in Clearwater Paper by 80.9% in the third quarter. Lazard Asset Management LLC now owns 890 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 398 shares during the last quarter. US Bancorp DE grew its holdings in Clearwater Paper by 103.2% during the first quarter. US Bancorp DE now owns 1,213 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 616 shares during the period. Captrust Financial Advisors raised its position in Clearwater Paper by 35.0% during the first quarter. Captrust Financial Advisors now owns 1,877 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 487 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Clearwater Paper by 260.8% in the third quarter. Tower Research Capital LLC TRC now owns 1,898 shares of the basic materials company’s stock valued at $72,000 after acquiring an additional 1,372 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in Clearwater Paper by 18.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,836 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 432 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

About Clearwater Paper

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Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and carded packaging products, top sheet and commercial printing items, and softwood pulp products, as well as custom sheeting, slitting, and cutting of paperboard products.

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