Clearwater Paper Co. (NYSE:CLW) Short Interest Down 25.0% in April

Clearwater Paper Co. (NYSE:CLWGet Rating) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 272,900 shares, a decrease of 25.0% from the March 31st total of 363,800 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 100,400 shares, the days-to-cover ratio is presently 2.7 days.

In other Clearwater Paper news, SVP Kari G. Moyes sold 4,589 shares of the firm’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $27.63, for a total value of $126,794.07. Following the transaction, the senior vice president now directly owns 42,965 shares of the company’s stock, valued at $1,187,122.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael S. Gadd sold 2,295 shares of the stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $27.62, for a total transaction of $63,387.90. Following the completion of the sale, the vice president now owns 78,557 shares of the company’s stock, valued at approximately $2,169,744.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,473 shares of company stock valued at $320,005. 1.77% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CLW. Captrust Financial Advisors boosted its stake in shares of Clearwater Paper by 23.5% during the third quarter. Captrust Financial Advisors now owns 1,851 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 352 shares during the period. Wolverine Trading LLC purchased a new stake in Clearwater Paper in the third quarter worth about $369,000. Mercer Global Advisors Inc. ADV purchased a new stake in Clearwater Paper in the fourth quarter worth about $293,000. EMG Holdings L.P. purchased a new stake in shares of Clearwater Paper during the third quarter valued at about $619,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Clearwater Paper during the fourth quarter valued at about $2,582,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

CLW has been the topic of several analyst reports. StockNews.com started coverage on Clearwater Paper in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Clearwater Paper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Royal Bank of Canada lowered shares of Clearwater Paper from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $50.00 to $35.00 in a research note on Wednesday, February 16th. Finally, BMO Capital Markets upgraded shares of Clearwater Paper from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 16th.

Clearwater Paper stock opened at $33.11 on Monday. The company has a current ratio of 1.92, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25. Clearwater Paper has a 1 year low of $25.07 and a 1 year high of $44.73. The firm’s 50 day moving average price is $28.32 and its 200-day moving average price is $34.16.

Clearwater Paper (NYSE:CLWGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.01. Clearwater Paper had a negative net margin of 1.28% and a positive return on equity of 4.63%. During the same period in the previous year, the firm earned $0.69 EPS. On average, equities analysts forecast that Clearwater Paper will post 3.04 EPS for the current year.

Clearwater Paper Company Profile (Get Rating)

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and carded packaging products, top sheet and commercial printing items, and softwood pulp products, as well as custom sheeting, slitting, and cutting of paperboard products.

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