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 the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.98, for a total transaction of $27,145.36. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Clearwater Paper Stock Up 1.4 %

Shares of NYSE CLW traded up $0.33 during mid-day trading on Tuesday, reaching $24.37. The company had a trading volume of 186,010 shares, compared to its average volume of 285,230. The stock has a fifty day moving average of $28.44 and a two-hundred day moving average of $28.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. The company has a market capitalization of $394.10 million, a price-to-earnings ratio of 2.08 and a beta of 0.37. Clearwater Paper Co. has a 12-month low of $22.58 and a 12-month high of $57.13.

Clearwater Paper (NYSE:CLW) 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 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%.

Hedge Funds Weigh In On Clearwater Paper

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Clearwater Paper in the fourth quarter worth approximately $217,000. Paloma Partners Management Co acquired a new position in Clearwater Paper in the third quarter worth approximately $209,000. Cornerstone Investment Partners LLC acquired a new position in Clearwater Paper in the fourth quarter worth approximately $226,000. D.A. Davidson & CO. increased its holdings in Clearwater Paper by 23.4% in the third quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock worth $225,000 after buying an additional 1,500 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Clearwater Paper in the fourth quarter worth approximately $238,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analysts Set New Price Targets

CLW has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Clearwater Paper in a research note on Tuesday, February 18th. StockNews.com raised shares of 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.