Clearwater Paper Co. (NYSE:CLW) VP Michael S. Gadd Sells 6,126 Shares

Clearwater Paper Co. (NYSE:CLW – Get Rating) VP Michael S. Gadd sold 6,126 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $32.09, for a total transaction of $196,583.34. Following the transaction, the vice president now directly owns 68,025 shares of the company’s stock, valued at $2,182,922.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clearwater Paper Stock Down 2.6 %

NYSE:CLW opened at $31.88 on Wednesday. The company’s 50 day moving average is $34.02 and its two-hundred day moving average is $36.58. The company has a market cap of $539.41 million, a PE ratio of 10.19 and a beta of 0.80. The company has a current ratio of 2.14, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Clearwater Paper Co. has a twelve month low of $29.92 and a twelve month high of $46.48.

Clearwater Paper (NYSE:CLW – Get Rating) last released its quarterly earnings data on Tuesday, February 14th. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.21). Clearwater Paper had a net margin of 2.51% and a return on equity of 12.27%. The business had revenue of $526.70 million during the quarter, compared to analysts’ expectations of $518.00 million. During the same period last year, the company earned $0.82 earnings per share.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Clearwater Paper from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada upgraded shares of Clearwater Paper from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $42.00 in a report on Monday, April 24th. Finally, TheStreet raised shares of Clearwater Paper from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd.

Hedge Funds Weigh In On Clearwater Paper

Large investors have recently added to or reduced their stakes in the stock. Swiss National Bank grew its holdings in shares of Clearwater Paper by 7.9% during the first quarter. Swiss National Bank now owns 39,500 shares of the basic materials company’s stock worth $1,107,000 after buying an additional 2,900 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Clearwater Paper by 5.8% during the first quarter. JPMorgan Chase & Co. now owns 147,496 shares of the basic materials company’s stock worth $4,134,000 after buying an additional 8,105 shares during the period. American Century Companies Inc. boosted its stake in Clearwater Paper by 24.9% during the first quarter. American Century Companies Inc. now owns 91,900 shares of the basic materials company’s stock worth $2,576,000 after buying an additional 18,312 shares during the period. US Bancorp DE boosted its stake in Clearwater Paper by 103.2% during the first quarter. US Bancorp DE now owns 1,213 shares of the basic materials company’s stock worth $34,000 after buying an additional 616 shares during the period. Finally, Citigroup Inc. boosted its stake in Clearwater Paper by 12.9% during the first quarter. Citigroup Inc. now owns 14,456 shares of the basic materials company’s stock worth $405,000 after buying an additional 1,652 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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.