Clearwater Paper (NYSE:CLW) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Clearwater Paper Corporation (NYSE:CLW) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.12 and traded as high as $16.38. Clearwater Paper shares last traded at $16.3310, with a volume of 256,325 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Securities cut Clearwater Paper from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Clearwater Paper in a research note on Friday, May 8th. Wall Street Zen cut Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Royal Bank Of Canada decreased their price objective on Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, TD Cowen cut shares of Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Clearwater Paper Trading Up 6.0%

The firm has a market capitalization of $263.26 million, a PE ratio of -10.60 and a beta of 0.27. The company’s 50-day moving average price is $14.67 and its 200-day moving average price is $16.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 2.61.

Clearwater Paper (NYSE:CLW) last posted its earnings results on Tuesday, April 28th. The basic materials company reported ($1.29) earnings per share for the quarter, topping the consensus estimate of ($1.32) by $0.03. The firm had revenue of $360.30 million during the quarter, compared to analysts’ expectations of $363.55 million. Clearwater Paper had a negative return on equity of 3.94% and a negative net margin of 1.63%.

Institutional Investors Weigh In On Clearwater Paper

Institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. purchased a new stake in Clearwater Paper during the third quarter worth approximately $44,000. Meeder Asset Management Inc. purchased a new stake in Clearwater Paper in the fourth quarter valued at $47,000. Group One Trading LLC lifted its position in Clearwater Paper by 184.4% in the first quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 2,316 shares during the last quarter. Tower Research Capital LLC TRC lifted its position 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, New York State Common Retirement Fund lifted its position in Clearwater Paper by 104.9% in the third quarter. New York State Common Retirement Fund now owns 6,838 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

About Clearwater Paper

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.