Clearwater Paper (CLW) Cut to “Sell” at ValuEngine

Clearwater Paper (NYSE:CLW) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, February 4th.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Clearwater Paper from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, November 9th. Royal Bank of Canada lowered their price objective on Clearwater Paper from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, November 9th.

Shares of Clearwater Paper stock traded down $0.54 on Monday, reaching $28.06. The company’s stock had a trading volume of 202,523 shares, compared to its average volume of 123,462. The stock has a market capitalization of $461.59 million, a PE ratio of 12.09, a price-to-earnings-growth ratio of 4.95 and a beta of 1.91. Clearwater Paper has a 52-week low of $21.55 and a 52-week high of $40.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.10 and a quick ratio of 0.51.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Clearwater Paper by 9.2% during the second quarter. BlackRock Inc. now owns 2,327,234 shares of the basic materials company’s stock valued at $53,759,000 after purchasing an additional 196,113 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Clearwater Paper by 209.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,360 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 2,953 shares during the last quarter. Jane Street Group LLC bought a new stake in Clearwater Paper during the second quarter valued at approximately $376,000. Personal Capital Advisors Corp lifted its position in Clearwater Paper by 4.6% during the third quarter. Personal Capital Advisors Corp now owns 135,338 shares of the basic materials company’s stock valued at $4,020,000 after purchasing an additional 5,947 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Clearwater Paper during the third quarter valued at approximately $217,000. 87.73% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Company Profile

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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