Kari G. Moyes Sells 1,132 Shares of Clearwater Paper Co. (NYSE:CLW) Stock

Clearwater Paper Co. (NYSE:CLW) SVP Kari G. Moyes sold 1,132 shares of Clearwater Paper stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.98, for a total value of $27,145.36. Following the completion of the transaction, the senior vice president now directly owns 81,439 shares in the company, valued at $1,952,907.22. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clearwater Paper Trading Up 1.2 %

Clearwater Paper stock opened at $24.64 on Thursday. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $28.26 and its two-hundred day simple moving average is $28.06. Clearwater Paper Co. has a 12 month low of $22.58 and a 12 month high of $57.13. The company has a market capitalization of $398.60 million, a price-to-earnings ratio of 2.10 and a beta of 0.37.

Clearwater Paper (NYSE:CLW) last released its earnings results on Thursday, February 13th. The basic materials company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.84). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Institutional Investors Weigh In On Clearwater Paper

Hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in Clearwater Paper by 45.2% in the third quarter. Pacer Advisors Inc. now owns 1,887,015 shares of the basic materials company’s stock worth $53,855,000 after acquiring an additional 587,043 shares in the last quarter. Barclays PLC raised its stake in shares of Clearwater Paper by 339.6% in the third quarter. Barclays PLC now owns 27,139 shares of the basic materials company’s stock worth $774,000 after purchasing an additional 20,966 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Clearwater Paper by 124.0% in the third quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company’s stock worth $361,000 after purchasing an additional 6,865 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Clearwater Paper in the third quarter worth $877,000. Finally, Intech Investment Management LLC purchased a new position in shares of Clearwater Paper in the third quarter worth $1,043,000. 89.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com raised Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Royal Bank of Canada restated an “outperform” rating and set a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th.

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.