Recent insider trends for Potlatch Corporation (NASDAQ:PCH) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of PCH, the data has a lot to say about how the stock might perform going forward.
Institutions own 86.40% of Potlatch Corporation (PCH)’s shares. The total value of these holdings, in millions, is $1,821. Among active positions in the latest quarter, 134 holders increased their positions by a total of 3.76 million shares, 94 holders decreased the positions by a total of 2.45 million shares, and 33 holders held their positions. This works out to a net increase in ownership of 1.31 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 41 holders initiated new positions by a total of 866786 shares and 22 holders exited their positions by a total of 847915 shares. This nets out to an increase of 18871 shares and is a bullish sign for PCH.
In the last three months, insiders executed a total of 4 trades. 2 of these were buys and 2 were sells. Insider ownership increased by a total of 13688 shares, which suggests that PCH’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 10 buys and 10 sells, and ownership increased by a net of 86155 shares.
Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Potlatch Corporation (NASDAQ:PCH)’s short interest is 2.98 million shares, or 7.44% of the float. This represents an increase of 3% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PCH is a buy, which implies that PCH is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Potlatch Corporation (NASDAQ:PCH) is undervalued.