Allspring Global Investments Holdings LLC Has $174,000 Stock Position in Clearwater Paper Co. (NYSE:CLW)

Allspring Global Investments Holdings LLC lessened its stake in Clearwater Paper Co. (NYSE:CLW) by 95.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,100 shares of the basic materials company’s stock after selling 141,951 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Clearwater Paper were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Clearwater Paper in the second quarter valued at $52,000. GAMMA Investing LLC raised its holdings in shares of Clearwater Paper by 30.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 255 shares during the period. nVerses Capital LLC acquired a new stake in Clearwater Paper in the 3rd quarter valued at about $74,000. SG Americas Securities LLC bought a new position in Clearwater Paper during the first quarter worth about $132,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Clearwater Paper during the second quarter worth approximately $153,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Trading Up 2.7 %

Shares of CLW stock opened at $25.88 on Monday. Clearwater Paper Co. has a 12-month low of $24.51 and a 12-month high of $57.13. The company has a market capitalization of $430.44 million, a PE ratio of 9.66 and a beta of 0.34. The firm has a 50 day moving average price of $28.88 and a two-hundred day moving average price of $40.54. The company has a quick ratio of 0.74, a current ratio of 1.73 and a debt-to-equity ratio of 1.73.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share for the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%. The firm had revenue of $586.40 million for the quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com lowered Clearwater Paper from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada upgraded shares of Clearwater Paper from a “sector perform” rating to an “outperform” rating and decreased their price objective for the company from $48.00 to $37.00 in a report on Friday, October 18th.

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.