What Did This CEO Just Do with Personal Shares of PotlatchDeltic (NASDAQ: PCH)?

By Carrie Williams

Yesterday, the President & CEO of PotlatchDeltic (PCHResearch Report), Eric Cremers, sold shares of PCH for $1.21M.

Following Eric Cremers’ last PCH Sell transaction on March 07, 2018, the stock climbed by 19.0%. In addition to Eric Cremers, 2 other PCH executives reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on PotlatchDeltic’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $337 million and quarterly net profit of $100 million. In comparison, last year the company earned revenue of $209 million and had a GAAP net loss of $16.83 million. The company has a one-year high of $63.99 and a one-year low of $29.12. Currently, PotlatchDeltic has an average volume of 794.85K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $65.00, reflecting a -7.1% downside.

The insider sentiment on PotlatchDeltic has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Eric Cremers’ trades have generated a -5.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PotlatchDeltic Corp. operates as a real estate investment trust. The firm engages in the ownership and management of acres of timberlands. It operates through the following segments: Resource, Wood Products and Real Estate. The Resource segment includes planting and harvesting trees, building and maintaining roads, hunting leases, recreation permits, biomass production and carbon sequestration. The Wood Products segment produces and trades lumber, plywood and residuals. The Real Estate segment markets and sells land holdings. The company was founded in 1903 and is headquartered in Spokane, WA.