Shares of Clearwater Paper Co. (NYSE:CLW – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $47.98 and last traded at $47.87, with a volume of 106231 shares trading hands. The stock had previously closed at $45.22.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on CLW shares. Royal Bank of Canada increased their price target on 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 downgraded shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd.
View Our Latest Stock Analysis on CLW
Clearwater Paper Stock Performance
Clearwater Paper (NYSE:CLW – Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.32. The company had revenue of $496.20 million during the quarter. Clearwater Paper had a return on equity of 17.35% and a net margin of 4.92%. During the same quarter last year, the firm posted $1.47 EPS.
Hedge Funds Weigh In On Clearwater Paper
Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in shares of Clearwater Paper during the fourth quarter valued at approximately $29,000. Diversified Trust Co bought a new stake in shares of Clearwater Paper in the 1st quarter worth $213,000. Algert Global LLC bought a new position in Clearwater Paper during the third quarter valued at about $210,000. Quadrature Capital Ltd acquired a new position in Clearwater Paper during the third quarter worth about $267,000. Finally, Jump Financial LLC bought a new stake in Clearwater Paper in the third quarter worth about $294,000. Institutional investors and hedge funds own 89.98% of the company’s stock.
Clearwater Paper Company Profile
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.
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