Clearwater Paper (NYSE:CLW) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Clearwater Paper (NYSE:CLW) from a buy rating to a hold rating in a research report released on Thursday morning.

Separately, Royal Bank of Canada raised their target price on Clearwater Paper from $42.00 to $48.00 and gave the stock a sector perform rating in a research note on Wednesday.

Clearwater Paper Stock Performance

Shares of CLW stock traded down $2.66 on Thursday, hitting $32.55. 537,739 shares of the stock were exchanged, compared to its average volume of 179,293. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $542.87 million, a PE ratio of 5.44 and a beta of 0.40. Clearwater Paper has a one year low of $31.38 and a one year high of $57.13. The firm’s 50 day moving average is $49.51 and its two-hundred day moving average is $44.19.

Hedge Funds Weigh In On Clearwater Paper

Several hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its stake in shares of Clearwater Paper by 2.4% in the second quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the basic materials company’s stock worth $407,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC increased its position in Clearwater Paper by 30.3% in the second quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock worth $53,000 after buying an additional 255 shares in the last quarter. SummerHaven Investment Management LLC increased its position in Clearwater Paper by 1.2% in the second quarter. SummerHaven Investment Management LLC now owns 23,515 shares of the basic materials company’s stock worth $1,140,000 after buying an additional 287 shares in the last quarter. Strs Ohio increased its position in Clearwater Paper by 3.0% in the fourth quarter. Strs Ohio now owns 17,000 shares of the basic materials company’s stock worth $614,000 after buying an additional 500 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in Clearwater Paper by 2.5% in the fourth quarter. New York State Teachers Retirement System now owns 36,120 shares of the basic materials company’s stock worth $1,305,000 after buying an additional 897 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

About Clearwater Paper

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.