Clearwater Paper (NYSE:CLW) Share Price Crosses Above Fifty Day Moving Average of $18.20

Shares of Clearwater Paper Corp (NYSE:CLW) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.20 and traded as high as $18.79. Clearwater Paper shares last traded at $18.55, with a volume of 1,034 shares traded.

CLW has been the topic of several recent research reports. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Royal Bank of Canada set a $42.00 price objective on Devon Energy and gave the stock a “hold” rating in a research report on Thursday, May 2nd. KeyCorp reiterated a “hold” rating on shares of Clearwater Paper in a research report on Wednesday, May 1st. Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Finally, DA Davidson lowered their price objective on JAKKS Pacific to $1.50 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.67.

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.39 and a current ratio of 0.94. The stock has a market cap of $303.71 million, a PE ratio of 7.24 and a beta of 1.85. The business has a 50-day simple moving average of $18.20.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.10). The firm had revenue of $428.78 million for the quarter, compared to the consensus estimate of $422.99 million. Clearwater Paper had a positive return on equity of 7.76% and a negative net margin of 8.31%. As a group, analysts anticipate that Clearwater Paper Corp will post -0.3 EPS for the current year.

In other news, insider Linda K. Massman acquired 5,500 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $17.92 per share, for a total transaction of $98,560.00. Following the transaction, the insider now directly owns 243,976 shares of the company’s stock, valued at $4,372,049.92. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.97% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Clearwater Paper by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,476,961 shares of the basic materials company’s stock worth $60,364,000 after purchasing an additional 41,288 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Clearwater Paper by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock worth $33,135,000 after purchasing an additional 30,510 shares in the last quarter. LSV Asset Management grew its holdings in shares of Clearwater Paper by 4.2% during the 1st quarter. LSV Asset Management now owns 656,377 shares of the basic materials company’s stock worth $12,786,000 after purchasing an additional 26,331 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Clearwater Paper by 19.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 328,875 shares of the basic materials company’s stock worth $6,406,000 after purchasing an additional 53,845 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Clearwater Paper by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 218,011 shares of the basic materials company’s stock worth $5,313,000 after purchasing an additional 14,979 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

About Clearwater Paper (NYSE:CLW)

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

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