Clearwater Paper (NYSE:CLW) Sets New 52-Week High at $47.98

Clearwater Paper Co. (NYSE:CLW) shares reached a new 52-week high during trading on Monday . The stock traded as high as $47.98 and last traded at $47.87, with a volume of 106231 shares changing hands. The stock had previously closed at $45.22.

Analyst Ratings Changes

Several research firms recently weighed in on CLW. Royal Bank of Canada boosted their price objective on shares of Clearwater Paper from $41.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. StockNews.com lowered Clearwater Paper from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Clearwater Paper Stock Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.82 and a current ratio of 1.91. The company has a market cap of $797.88 million, a price-to-earnings ratio of 8.00 and a beta of 0.51. The firm’s 50-day moving average price is $41.10 and its 200 day moving average price is $37.26.

Clearwater Paper (NYSE:CLW) last released its earnings results on Monday, April 29th. The basic materials company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.32. The firm had revenue of $496.20 million during the quarter. Clearwater Paper had a net margin of 4.92% and a return on equity of 17.35%. During the same period in the prior year, the firm posted $1.47 EPS.

Hedge Funds Weigh In On Clearwater Paper

Several hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Clearwater Paper by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,719 shares of the basic materials company’s stock valued at $11,662,000 after acquiring an additional 14,733 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Clearwater Paper in the fourth quarter worth $397,000. New York State Teachers Retirement System boosted its position in shares of Clearwater Paper by 2.5% during 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 purchasing an additional 897 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Clearwater Paper in the 4th quarter valued at $300,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Clearwater Paper by 47.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 153,165 shares of the basic materials company’s stock valued at $5,552,000 after buying an additional 49,141 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.