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

Clearwater Paper Co. (NYSE:CLW - Get Free Report) SVP Kari G. Moyes sold 1,132 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the completion of the transaction, the senior vice president now directly owns 81,439 shares of the company's stock, valued at $1,952,907.22. This represents a 1.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Clearwater Paper Stock Down 1.1 %

Shares of Clearwater Paper stock traded down $0.27 during trading on Friday, hitting $24.27. 266,538 shares of the stock were exchanged, compared to its average volume of 284,506. The stock has a market cap of $392.57 million, a price-to-earnings ratio of 2.07 and a beta of 0.37. The firm's 50-day moving average price is $28.07 and its 200 day moving average price is $27.97. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 0.90.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The basic materials company reported ($1.17) earnings per share (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%.

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Institutional Investors Weigh In On Clearwater Paper

Several institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in Clearwater Paper by 45.2% during the 3rd 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 Clearwater Paper by 339.6% during the 3rd quarter. Barclays PLC now owns 27,139 shares of the basic materials company's stock worth $774,000 after acquiring an additional 20,966 shares in the last quarter. HighTower Advisors LLC raised its stake in Clearwater Paper by 124.0% during the 3rd quarter. HighTower Advisors LLC now owns 12,400 shares of the basic materials company's stock worth $361,000 after acquiring an additional 6,865 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Clearwater Paper during the 3rd quarter worth $877,000. Finally, Intech Investment Management LLC acquired a new stake in Clearwater Paper during the 3rd quarter worth $1,043,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th.

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.