Shares of Clearwater Paper Corporation (NYSE:CLW) have been given an average rating of “Hold” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $60.00.

Several brokerages have issued reports on CLW. BidaskClub lowered Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Royal Bank Of Canada dropped 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. Finally, Zacks Investment Research lowered Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Monday.

Shares of Clearwater Paper Corporation (CLW) traded up 2.04% during mid-day trading on Friday, reaching $45.00. The company’s stock had a trading volume of 102,070 shares. Clearwater Paper Corporation has a 52 week low of $43.60 and a 52 week high of $68.40. The stock has a market capitalization of $739.48 million, a price-to-earnings ratio of 29.01 and a beta of 1.05. The company’s 50-day moving average is $46.61 and its 200-day moving average is $47.81.

Clearwater Paper Corporation (NYSE:CLW) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.46 by $0.08. The firm had revenue of $429.70 million for the quarter, compared to analyst estimates of $439.33 million. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. Clearwater Paper Corporation’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. Equities analysts predict that Clearwater Paper Corporation will post $2.63 EPS for the current year.

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In other Clearwater Paper Corporation news, insider Michael S. Gadd sold 877 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $50.01, for a total transaction of $43,858.77. Following the transaction, the insider now owns 19,010 shares of the company’s stock, valued at $950,690.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael S. Gadd sold 1,546 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $50.04, for a total value of $77,361.84. Following the transaction, the insider now directly owns 17,464 shares in the company, valued at approximately $873,898.56. The disclosure for this sale can be found here. Company insiders own 2.41% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Riverhead Capital Management LLC grew its holdings in shares of Clearwater Paper Corporation by 80.3% during the second quarter. Riverhead Capital Management LLC now owns 2,164 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 964 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Clearwater Paper Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock worth $119,000 after buying an additional 380 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Clearwater Paper Corporation by 17.2% during the second quarter. Public Employees Retirement System of Ohio now owns 2,861 shares of the basic materials company’s stock worth $134,000 after buying an additional 420 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Clearwater Paper Corporation by 77.3% during the second quarter. State of Alaska Department of Revenue now owns 3,226 shares of the basic materials company’s stock worth $150,000 after buying an additional 1,406 shares during the period. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Clearwater Paper Corporation during the first quarter worth about $162,000. 84.45% of the stock is currently owned by institutional investors.

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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