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StockNews.com initiated coverage on shares of Clearwater Paper (NYSE:CLW - Get Rating) in a research report issued on Thursday. The firm set a "hold" rating on the basic materials company's stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Clearwater Paper from a "hold" rating to a "strong-buy" rating and set a $33.00 price objective on the stock in a report on Friday, February 18th. Royal Bank of Canada cut Clearwater Paper from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $50.00 to $35.00 in a report on Wednesday, February 16th. Finally, BMO Capital Markets upgraded shares of Clearwater Paper from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 16th.

Shares of CLW stock opened at $28.85 on Thursday. Clearwater Paper has a 1-year low of $25.51 and a 1-year high of $44.73. The company has a current ratio of 1.92, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $481.48 million, a price-to-earnings ratio of -16.77 and a beta of 1.25. The stock's fifty day simple moving average is $30.08 and its 200-day simple moving average is $35.59.

Clearwater Paper (NYSE:CLW - Get Rating) last posted its quarterly earnings data on Tuesday, February 15th. The basic materials company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. Clearwater Paper had a positive return on equity of 3.39% and a negative net margin of 1.58%. The business had revenue of $489.80 million during the quarter, compared to analysts' expectations of $460.00 million. During the same quarter in the previous year, the firm earned $1.45 EPS. On average, sell-side analysts predict that Clearwater Paper will post 3.04 EPS for the current year.

In other news, CFO Michael John Murphy bought 1,000 shares of the company's stock in a transaction that occurred on Thursday, February 17th. The shares were acquired at an average price of $28.66 per share, for a total transaction of $28,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.01% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Clearwater Paper by 62.8% during the fourth quarter. Barclays PLC now owns 21,575 shares of the basic materials company's stock valued at $791,000 after purchasing an additional 8,323 shares during the period. BlackRock Inc. raised its holdings in shares of Clearwater Paper by 2.4% during the fourth quarter. BlackRock Inc. now owns 2,710,329 shares of the basic materials company's stock valued at $99,387,000 after purchasing an additional 63,073 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Clearwater Paper by 61.5% during the fourth quarter. Wells Fargo & Company MN now owns 34,704 shares of the basic materials company's stock valued at $1,272,000 after purchasing an additional 13,209 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Clearwater Paper by 2.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 46,443 shares of the basic materials company's stock worth $1,703,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Clearwater Paper by 2.0% during the fourth quarter. Deutsche Bank AG now owns 27,676 shares of the basic materials company's stock worth $1,015,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 87.39% of the company's stock.

Clearwater Paper Company Profile (Get Rating)

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.

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