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

Allspring Global Investments Holdings LLC reduced its holdings in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) by 95.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in Clearwater Paper by 141.7% in the 1st quarter. BNP Paribas Financial Markets now owns 47,056 shares of the basic materials company's stock valued at $2,058,000 after buying an additional 27,585 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Clearwater Paper by 153.4% during the first quarter. Quantbot Technologies LP now owns 15,561 shares of the basic materials company's stock worth $680,000 after purchasing an additional 9,419 shares during the period. Empowered Funds LLC lifted its holdings in Clearwater Paper by 8.0% during the 1st quarter. Empowered Funds LLC now owns 93,959 shares of the basic materials company's stock worth $4,109,000 after purchasing an additional 7,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in Clearwater Paper in the 1st quarter valued at $132,000. Finally, BOS Asset Management LLC bought a new stake in Clearwater Paper in the 1st quarter valued at $285,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLW has been the subject of a number of research reports. StockNews.com downgraded 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 dropped their price objective for the stock from $48.00 to $37.00 in a research note on Friday, October 18th.

Clearwater Paper Price Performance

NYSE:CLW traded down $0.66 during trading hours on Monday, reaching $25.22. 866,609 shares of the company were exchanged, compared to its average volume of 238,807. The business has a 50 day moving average of $28.88 and a 200 day moving average of $40.55. Clearwater Paper Co. has a 1-year low of $24.51 and a 1-year high of $57.13. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.73 and a quick ratio of 0.74. The company has a market capitalization of $419.46 million, a P/E ratio of 9.42 and a beta of 0.34.

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

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.