Clearwater Paper (NYSE:CLW) Downgraded by StockNews.com to “Hold”

Clearwater Paper (NYSE:CLW – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities analysts have also weighed in on the company. Royal Bank of Canada upgraded Clearwater Paper from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $38.00 to $42.00 in a report on Monday, April 24th. TheStreet upgraded Clearwater Paper from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd.

Clearwater Paper Price Performance

NYSE CLW opened at $31.87 on Friday. Clearwater Paper has a fifty-two week low of $29.92 and a fifty-two week high of $46.48. The stock’s 50-day moving average is $33.04 and its two-hundred day moving average is $35.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.14 and a quick ratio of 0.84. The firm has a market cap of $539.24 million, a P/E ratio of 10.18 and a beta of 0.80.

Insider Buying and Selling

In related news, VP Rebecca Anne Barckley sold 2,506 shares of Clearwater Paper stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $33.00, for a total transaction of $82,698.00. Following the sale, the vice president now directly owns 8,378 shares of the company’s stock, valued at $276,474. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Rebecca Anne Barckley sold 2,506 shares of Clearwater Paper stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $33.00, for a total transaction of $82,698.00. Following the sale, the vice president now directly owns 8,378 shares of the company’s stock, valued at $276,474. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael S. Gadd sold 6,126 shares of Clearwater Paper stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $32.09, for a total value of $196,583.34. Following the sale, the vice president now directly owns 68,025 shares in the company, valued at $2,182,922.25. The disclosure for this sale can be found here. Insiders have sold a total of 19,318 shares of company stock valued at $674,294 over the last three months. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clearwater Paper

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its holdings in Clearwater Paper by 80.9% during 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 in the last quarter. US Bancorp DE boosted 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 valued at $34,000 after purchasing an additional 616 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Clearwater Paper by 398.7% during the first quarter. Federated Hermes Inc. now owns 1,496 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 1,196 shares in the last quarter. Captrust Financial Advisors boosted its holdings 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 purchasing an additional 487 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Clearwater Paper by 531.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 1,484 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Company Profile

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Clearwater Paper Corp. engages in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. It operates through the Consumer Products and Pulp and Paperboard segments. The Consumer Products segment manufactures and sells a complete line of at-home tissue products. The Pulp and Paperboard segment produces and markets solid bleached sulfate paperboard for the high-end segment of the packaging industry and offers custom sheeting, slitting, and cutting of paperboard.