Clearwater Paper (NYSE:CLW) Stock Crosses Above 200 Day Moving Average - What's Next?

Clearwater Paper Corporation (NYSE:CLW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.60 and traded as high as $28.93. Clearwater Paper shares last traded at $28.72, with a volume of 127,949 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Clearwater Paper from a "hold" rating to a "sell" rating in a report on Saturday, July 12th.

Clearwater Paper Stock Up 3.0%

The firm's 50-day moving average price is $28.84 and its 200 day moving average price is $27.63. The firm has a market capitalization of $500.65 million, a price-to-earnings ratio of 2.98 and a beta of 0.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.66 and a quick ratio of 0.80.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). The firm 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%.

Hedge Funds Weigh In On Clearwater Paper

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Clearwater Paper by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company's stock valued at $28,982,000 after acquiring an additional 20,936 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Clearwater Paper by 7.3% during 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 acquiring an additional 43,604 shares in the last quarter. Nuveen LLC acquired a new position in shares of Clearwater Paper during the 1st quarter valued at $15,314,000. Readystate Asset Management LP lifted its holdings in shares of Clearwater Paper by 56.7% during the 1st quarter. Readystate Asset Management LP now owns 580,856 shares of the basic materials company's stock valued at $14,736,000 after acquiring an additional 210,141 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Clearwater Paper by 1,102.7% during the 4th quarter. Millennium Management LLC now owns 429,264 shares of the basic materials company's stock valued at $12,779,000 after acquiring an additional 393,572 shares in the last quarter. 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.