Clearwater Paper Corporation (NYSE:CLW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Clearwater Paper Corporation (NYSE:CLW) have earned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.75.

A number of equities research analysts recently commented on CLW shares. Wall Street Zen raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Royal Bank Of Canada reduced their price target on shares of Clearwater Paper from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Paper in a research note on Monday, December 29th. Finally, Truist Financial started coverage on shares of Clearwater Paper in a report on Tuesday, January 20th. They set a “hold” rating and a $21.00 price objective for the company.

Clearwater Paper Stock Performance

NYSE:CLW opened at $17.51 on Thursday. The stock has a market cap of $280.92 million, a PE ratio of 2.06 and a beta of 0.20. The company has a quick ratio of 0.88, a current ratio of 2.10 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $18.25 and its 200-day simple moving average is $20.03. Clearwater Paper has a fifty-two week low of $16.44 and a fifty-two week high of $32.55.

Insider Buying and Selling

In related news, VP Steve M. Bowden sold 8,889 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $18.14, for a total transaction of $161,246.46. Following the completion of the transaction, the vice president directly owned 68,516 shares in the company, valued at $1,242,880.24. This represents a 11.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clearwater Paper

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Readystate Asset Management LP raised its stake in shares of Clearwater Paper by 19.2% during the third quarter. Readystate Asset Management LP now owns 762,138 shares of the basic materials company’s stock valued at $15,822,000 after purchasing an additional 122,688 shares in the last quarter. Towle & Co. increased its stake in Clearwater Paper by 12.4% in the 3rd quarter. Towle & Co. now owns 366,798 shares of the basic materials company’s stock worth $7,615,000 after purchasing an additional 40,575 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Clearwater Paper by 7.1% during the second quarter. Ameriprise Financial Inc. now owns 303,177 shares of the basic materials company’s stock valued at $8,259,000 after acquiring an additional 20,184 shares during the period. Anchor Capital Management Company LLC raised its stake in Clearwater Paper by 14.9% during the 2nd quarter. Anchor Capital Management Company LLC now owns 285,053 shares of the basic materials company’s stock valued at $7,765,000 after purchasing an additional 37,000 shares during the period. Finally, UBS Group AG raised its position in Clearwater Paper by 228.3% during the third quarter. UBS Group AG now owns 258,186 shares of the basic materials company’s stock valued at $5,360,000 after buying an additional 179,539 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

About Clearwater Paper

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.