Clearwater Paper Corporation (NYSE:CLW)‘s stock had its “hold” rating reissued by analysts at KeyCorp in a note issued to investors on Thursday.

Several other equities analysts have also recently weighed in on the company. BidaskClub cut Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research cut Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Finally, Royal Bank Of Canada cut their price objective on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $64.00.

Clearwater Paper Corporation (NYSE CLW) traded up 3.23% during mid-day trading on Thursday, reaching $44.75. The company’s stock had a trading volume of 371,204 shares. The company has a market cap of $735.38 million, a price-to-earnings ratio of 28.85 and a beta of 1.05. The stock’s 50 day moving average is $46.33 and its 200 day moving average is $47.24. Clearwater Paper Corporation has a 12 month low of $42.20 and a 12 month high of $68.40.

Clearwater Paper Corporation (NYSE:CLW) last issued its earnings results on Thursday, October 19th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.18. Clearwater Paper Corporation had a return on equity of 7.42% and a net margin of 1.50%. The firm had revenue of $426.50 million for the quarter, compared to analysts’ expectations of $426.87 million. During the same quarter last year, the business earned $0.14 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts predict that Clearwater Paper Corporation will post $2.24 EPS for the current year.

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In other news, insider Michael S. Gadd sold 1,546 shares of Clearwater Paper Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $50.04, for a total transaction of $77,361.84. Following the transaction, the insider now owns 17,464 shares in the company, valued at approximately $873,898.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.41% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CLW. Riverhead Capital Management LLC lifted its holdings in shares of Clearwater Paper Corporation by 80.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,164 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 964 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Clearwater Paper Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 380 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Clearwater Paper Corporation by 17.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,861 shares of the basic materials company’s stock valued at $134,000 after purchasing an additional 420 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Clearwater Paper Corporation by 77.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,226 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 1,406 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in shares of Clearwater Paper Corporation by 5.4% during the 1st quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.

About Clearwater Paper Corporation

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

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