Clearwater Paper Co. (NYSE:CLW) SVP Kari G. Moyes Sells 2,778 Shares

Clearwater Paper Co. (NYSE:CLW) SVP Kari G. Moyes sold 2,778 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.72, for a total value of $74,228.16. Following the completion of the sale, the senior vice president now directly owns 83,799 shares of the company’s stock, valued at approximately $2,239,109.28. This represents a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Clearwater Paper Price Performance

Shares of NYSE:CLW opened at $25.12 on Tuesday. The firm has a market cap of $406.24 million, a price-to-earnings ratio of 2.14 and a beta of 0.35. Clearwater Paper Co. has a 1 year low of $23.97 and a 1 year high of $57.13. 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 has a fifty day simple moving average of $29.71 and a 200 day simple moving average of $28.77.

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

Clearwater Paper announced that its board has initiated a share buyback plan on Monday, November 4th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the basic materials company to purchase up to 23.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th.

Institutional Trading of Clearwater Paper

A number of institutional investors have recently added to or reduced their stakes in CLW. Victory Capital Management Inc. lifted its stake in Clearwater Paper by 63.9% in the third quarter. Victory Capital Management Inc. now owns 50,240 shares of the basic materials company’s stock valued at $1,434,000 after acquiring an additional 19,580 shares during the last quarter. Royce & Associates LP lifted its stake in Clearwater Paper by 158.2% in the third quarter. Royce & Associates LP now owns 25,340 shares of the basic materials company’s stock valued at $723,000 after acquiring an additional 15,525 shares during the last quarter. Empowered Funds LLC lifted its stake in Clearwater Paper by 5.3% in the third quarter. Empowered Funds LLC now owns 106,519 shares of the basic materials company’s stock valued at $3,040,000 after acquiring an additional 5,360 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Clearwater Paper by 16.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,762 shares of the basic materials company’s stock valued at $1,021,000 after acquiring an additional 4,994 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Clearwater Paper in the third quarter valued at approximately $1,043,000. 89.98% of the stock is currently 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.