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

Clearwater Paper Co. (NYSE:CLW - Get Free Report) SVP Kari G. Moyes sold 2,778 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $26.72, for a total transaction of $74,228.16. Following the completion of the sale, the senior vice president now directly owns 83,799 shares in the company, valued at approximately $2,239,109.28. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clearwater Paper Trading Down 0.4 %

Shares of NYSE:CLW traded down $0.11 during trading on Friday, hitting $24.41. 109,277 shares of the company's stock were exchanged, compared to its average volume of 305,478. The firm has a 50-day moving average price of $29.42 and a two-hundred day moving average price of $28.69. Clearwater Paper Co. has a 1-year low of $23.92 and a 1-year high of $57.13. The firm has a market cap of $394.75 million, a P/E ratio of 2.08 and a beta of 0.37. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings results 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 Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in shares of Clearwater Paper by 45.2% during the third quarter. Pacer Advisors Inc. now owns 1,887,015 shares of the basic materials company's stock worth $53,855,000 after purchasing an additional 587,043 shares in the last quarter. American Century Companies Inc. lifted its holdings in Clearwater Paper by 7.3% during the fourth quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock worth $18,967,000 after acquiring an additional 43,604 shares in the last quarter. Millennium Management LLC grew its stake in Clearwater Paper by 1,102.7% in the fourth 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 during the period. D. E. Shaw & Co. Inc. grew its stake in Clearwater Paper by 101.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company's stock valued at $11,561,000 after acquiring an additional 195,487 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Clearwater Paper by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company's stock worth $11,523,000 after acquiring an additional 4,973 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CLW. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of Clearwater Paper in a report on Tuesday, February 18th. StockNews.com raised Clearwater Paper from a "sell" rating to a "hold" rating in a research note on Monday, February 17th.

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.