Clearwater Paper (NYSE:CLW) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Clearwater Paper (NYSE:CLW – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the basic materials company’s stock.

Other analysts have also issued research reports about the company. TheStreet lowered Clearwater Paper from a b rating to a c rating in a report on Wednesday, February 15th. Royal Bank of Canada lowered their target price on Clearwater Paper from $40.00 to $38.00 and set a sector perform rating for the company in a report on Wednesday, February 15th.

Clearwater Paper Stock Down 2.0 %

Shares of CLW opened at $32.46 on Thursday. The firm has a fifty day moving average price of $36.65 and a 200-day moving average price of $38.34. The company has a current ratio of 1.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $544.03 million, a P/E ratio of 12.02 and a beta of 0.83. Clearwater Paper has a 12-month low of $25.07 and a 12-month high of $46.48.

Clearwater Paper (NYSE:CLW – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The basic materials company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.21). The company had revenue of $526.70 million for the quarter, compared to the consensus estimate of $518.00 million. Clearwater Paper had a net margin of 2.21% and a return on equity of 11.26%. During the same quarter in the previous year, the business earned $0.82 EPS.

Insider Activity

In other news, SVP Steve M. Bowden sold 2,964 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $38.34, for a total transaction of $113,639.76. Following the transaction, the senior vice president now directly owns 51,636 shares in the company, valued at $1,979,724.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Clearwater Paper news, SVP Steve M. Bowden sold 2,964 shares of the company’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $38.34, for a total transaction of $113,639.76. Following the completion of the sale, the senior vice president now owns 51,636 shares in the company, valued at $1,979,724.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael S. Gadd sold 8,685 shares of the stock in a transaction on Friday, February 24th. The shares were sold at an average price of $37.63, for a total value of $326,816.55. Following the sale, the vice president now directly owns 52,313 shares in the company, valued at approximately $1,968,538.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,690 shares of company stock worth $633,678. 1.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clearwater Paper

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of Clearwater Paper by 86.4% during the second quarter. Millennium Management LLC now owns 398,762 shares of the basic materials company’s stock valued at $13,410,000 after buying an additional 184,832 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Clearwater Paper during the third quarter valued at approximately $6,416,000. Pictet Asset Management SA boosted its stake in Clearwater Paper by 23.7% in the third quarter. Pictet Asset Management SA now owns 374,197 shares of the basic materials company’s stock valued at $14,069,000 after acquiring an additional 71,589 shares in the last quarter. American Century Companies Inc. grew its holdings in Clearwater Paper by 37.3% in the fourth quarter. American Century Companies Inc. now owns 224,153 shares of the basic materials company’s stock worth $8,475,000 after purchasing an additional 60,856 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Clearwater Paper by 77.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 137,141 shares of the basic materials company’s stock worth $5,185,000 after purchasing an additional 59,969 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

About Clearwater Paper

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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.