Clearwater Paper Corp (NYSE:CLW) was up 5.7% during mid-day trading on Wednesday . The company traded as high as $21.24 and last traded at $21.15, approximately 154,552 shares were traded during mid-day trading. An increase of 22% from the average daily volume of 126,185 shares. The stock had previously closed at $20.00.

A number of analysts recently issued reports on CLW shares. Royal Bank of Canada raised Clearwater Paper from an “underperform” rating to a “sector perform” rating and upped their target price for the company from $15.00 to $20.00 in a research report on Tuesday. ValuEngine raised Clearwater Paper from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. KeyCorp reissued a “hold” rating on shares of Clearwater Paper in a research report on Thursday, October 24th. Finally, Zacks Investment Research cut Clearwater Paper from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $32.00.

The company has a 50 day simple moving average of $21.16 and a 200 day simple moving average of $19.08. The company has a current ratio of 1.57, a quick ratio of 0.62 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $370.12 million, a PE ratio of 8.89 and a beta of 1.99.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.18). The company had revenue of $445.19 million for the quarter, compared to analysts’ expectations of $450.00 million. Clearwater Paper had a negative net margin of 11.13% and a positive return on equity of 0.51%. During the same period in the prior year, the company earned $1.35 earnings per share. On average, equities research analysts predict that Clearwater Paper Corp will post -0.38 EPS for the current year.

In related news, insider Harrison David acquired 4,483 shares of Clearwater Paper stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $5.74 per share, with a total value of $25,714.49. 3.97% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of Clearwater Paper by 38.6% during the 3rd quarter. Millennium Management LLC now owns 252,878 shares of the basic materials company’s stock worth $5,340,000 after buying an additional 70,394 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Clearwater Paper by 10.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,449 shares of the basic materials company’s stock worth $115,000 after buying an additional 532 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Clearwater Paper by 61.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 441,395 shares of the basic materials company’s stock worth $9,322,000 after buying an additional 167,854 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Clearwater Paper by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 7,426 shares of the basic materials company’s stock worth $157,000 after buying an additional 584 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Clearwater Paper by 6.7% during the 3rd quarter. Rhumbline Advisers now owns 53,874 shares of the basic materials company’s stock worth $1,138,000 after buying an additional 3,362 shares in the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Company Profile (NYSE:CLW)

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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