Allspring Global Investments Holdings LLC Sells 141,951 Shares of Clearwater Paper Co. (NYSE:CLW)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in shares of Clearwater Paper by 2.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the basic materials company’s stock valued at $407,000 after buying an additional 200 shares during the period. GAMMA Investing LLC grew its stake in Clearwater Paper by 30.3% in the second quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 255 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Clearwater Paper by 1.2% in the second quarter. SummerHaven Investment Management LLC now owns 23,515 shares of the basic materials company’s stock worth $1,140,000 after acquiring an additional 287 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Clearwater Paper during the second quarter worth about $52,000. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Clearwater Paper by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 36,736 shares of the basic materials company’s stock valued at $1,781,000 after purchasing an additional 2,360 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Up 2.7 %

NYSE:CLW opened at $25.88 on Monday. The company has a market cap of $430.44 million, a PE ratio of 9.66 and a beta of 0.34. The stock has a 50-day simple moving average of $28.88 and a 200 day simple moving average of $40.54. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 1.73. Clearwater Paper Co. has a 52-week low of $24.51 and a 52-week high of $57.13.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CLW shares. Royal Bank of Canada raised Clearwater Paper from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from $48.00 to $37.00 in a research note on Friday, October 18th. StockNews.com lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Clearwater Paper Company 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.