Clearwater Paper (NYSE:CLW) Rating Lowered to "Sell" at Wall Street Zen

Wall Street Zen cut shares of Clearwater Paper (NYSE:CLW - Free Report) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Clearwater Paper Trading Down 0.5%

CLW traded down $0.17 during midday trading on Friday, hitting $29.86. 119,339 shares of the company were exchanged, compared to its average volume of 319,173. The firm has a market capitalization of $485.44 million, a P/E ratio of 2.89 and a beta of 0.10. Clearwater Paper has a 1-year low of $22.58 and a 1-year high of $57.13. The firm's 50 day moving average price is $28.49 and its 200-day moving average price is $27.69. The company has a quick ratio of 0.80, a current ratio of 1.66 and a debt-to-equity ratio of 0.34.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.53). The company had revenue of $378.20 million for the quarter, compared to analyst estimates of $387.00 million. Clearwater Paper had a negative return on equity of 5.76% and a net margin of 9.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CLW. American Century Companies Inc. increased its position in Clearwater Paper by 7.3% in the 4th quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock valued at $18,967,000 after buying an additional 43,604 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Clearwater Paper in the 4th quarter valued at about $378,000. D. E. Shaw & Co. Inc. increased its position in Clearwater Paper by 101.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company's stock valued at $11,561,000 after buying an additional 195,487 shares in the last quarter. Victory Capital Management Inc. increased its position in Clearwater Paper by 23.4% in the 4th quarter. Victory Capital Management Inc. now owns 61,990 shares of the basic materials company's stock valued at $1,845,000 after buying an additional 11,750 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Clearwater Paper in the 4th quarter valued at about $5,418,000. 89.98% of the stock is owned by institutional investors and hedge funds.

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.