Key Points
- Clearwater Paper VP Steve Bowden sold 8,889 shares at an average price of $18.14 on Nov. 28, netting $161,246.46 and reducing his stake by 11.48% to 68,516 shares (disclosed in an SEC filing).
- The stock opened at $17.83 with a 12‑month range of $16.44–$33.56, a market cap of $286.06 million and a low reported P/E of 2.12, while the 50‑day and 200‑day moving averages are $18.86 and $23.37, respectively.
- Analysts have a consensus rating of "Moderate Buy" with an average target of $30 (four Buys, one Sell), and institutional investors own about 89.98% of the shares.
Clearwater Paper Corporation (NYSE:CLW - Get Free Report) VP Steve Bowden sold 8,889 shares of Clearwater Paper stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $18.14, for a total value of $161,246.46. Following the completion of the transaction, the vice president owned 68,516 shares in the company, valued at approximately $1,242,880.24. This represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Clearwater Paper Stock Down 0.0%
CLW stock opened at $17.83 on Wednesday. The firm has a 50-day moving average price of $18.86 and a 200-day moving average price of $23.37. Clearwater Paper Corporation has a 12 month low of $16.44 and a 12 month high of $33.56. The company has a current ratio of 2.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $286.06 million, a P/E ratio of 2.12 and a beta of 0.21.
Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of ($358.30) million for the quarter. Clearwater Paper had a negative return on equity of 3.65% and a net margin of 9.14%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Wall Street Zen upgraded Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Clearwater Paper in a report on Monday. TD Securities set a $30.00 target price on Clearwater Paper and gave the company a "buy" rating in a research report on Monday, September 22nd. TD Cowen started coverage on Clearwater Paper in a report on Monday, September 22nd. They set a "buy" rating and a $30.00 price target on the stock. Finally, Royal Bank Of Canada lowered their price objective on Clearwater Paper from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.00.
Get Our Latest Analysis on Clearwater Paper
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Clearwater Paper by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company's stock valued at $244,000 after buying an additional 390 shares during the last quarter. Woodmont Investment Counsel LLC lifted its stake in shares of Clearwater Paper by 1.3% in the second quarter. Woodmont Investment Counsel LLC now owns 40,170 shares of the basic materials company's stock worth $1,094,000 after acquiring an additional 500 shares during the period. Invesco Ltd. lifted its stake in shares of Clearwater Paper by 0.7% in the first quarter. Invesco Ltd. now owns 68,191 shares of the basic materials company's stock worth $1,730,000 after acquiring an additional 501 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Clearwater Paper by 34.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company's stock valued at $60,000 after acquiring an additional 563 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its position in Clearwater Paper by 3.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,623 shares of the basic materials company's stock valued at $480,000 after purchasing an additional 567 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.
Clearwater Paper Company Profile
(
Get Free Report)
Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.
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