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 Clearwater Paper stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.72, for a total value of $74,228.16. Following the sale, the senior vice president now directly owns 83,799 shares in the company, valued at approximately $2,239,109.28. This trade represents a 3.21 % decrease in their position. The transaction was disclosed in a legal 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. Clearwater Paper Co. has a 12 month low of $23.97 and a 12 month high of $57.13. The stock has a market cap of $406.24 million, a price-to-earnings ratio of 2.14 and a beta of 0.35. The stock’s 50 day moving average price is $29.71 and its 200 day moving average price is $28.77. 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) last announced 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%.

Clearwater Paper announced that its board has authorized a stock repurchase program on Monday, November 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the basic materials company to repurchase up to 23.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

CLW has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed 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 report on Monday, February 17th.

Hedge Funds Weigh In On Clearwater Paper

A number of hedge funds have recently modified their holdings of CLW. Pacer Advisors Inc. boosted its position in shares of Clearwater Paper by 45.2% in the 3rd quarter. Pacer Advisors Inc. now owns 1,887,015 shares of the basic materials company’s stock valued at $53,855,000 after purchasing an additional 587,043 shares during the period. Barclays PLC boosted its holdings 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 buying an additional 20,966 shares during the period. HighTower Advisors LLC increased its position 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 acquiring an additional 6,865 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Clearwater Paper in the third quarter worth approximately $877,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Clearwater Paper during the third quarter valued at approximately $1,043,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.