Allspring Global Investments Holdings LLC Buys 11,602 Shares of Clearwater Paper Co. (NYSE:CLW)

Allspring Global Investments Holdings LLC boosted its stake in Clearwater Paper Co. (NYSE:CLW) by 1,464.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,394 shares of the basic materials company’s stock after purchasing an additional 11,602 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Clearwater Paper were worth $448,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Algert Global LLC bought a new stake in Clearwater Paper in the 3rd quarter worth approximately $210,000. Quadrature Capital Ltd bought a new stake in Clearwater Paper in the 3rd quarter worth approximately $267,000. Jump Financial LLC bought a new stake in Clearwater Paper in the 3rd quarter worth approximately $294,000. Versor Investments LP bought a new stake in Clearwater Paper in the 3rd quarter worth approximately $358,000. Finally, Illinois Municipal Retirement Fund bought a new stake in Clearwater Paper in the 3rd quarter worth approximately $379,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Down 1.8 %

CLW opened at $39.95 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.97. Clearwater Paper Co. has a fifty-two week low of $29.22 and a fifty-two week high of $44.21. The firm’s fifty day moving average is $40.11 and its 200 day moving average is $36.97. The stock has a market cap of $661.57 million, a price-to-earnings ratio of 6.28 and a beta of 0.52.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $1.35 earnings per share (EPS) for the quarter. Clearwater Paper had a net margin of 5.17% and a return on equity of 18.13%. The company had revenue of $512.80 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Clearwater Paper 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.