Allspring Global Investments Holdings LLC Makes New Investment in Clearwater Paper Corporation (NYSE:CLW)

Allspring Global Investments Holdings LLC bought a new stake in Clearwater Paper Corporation (NYSE:CLW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,414 shares of the basic materials company's stock, valued at approximately $239,000. Allspring Global Investments Holdings LLC owned about 0.06% of Clearwater Paper at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. American Century Companies Inc. increased its holdings in shares of Clearwater Paper by 7.3% during the fourth quarter. American Century Companies Inc. now owns 637,108 shares of the basic materials company's stock valued at $18,967,000 after acquiring an additional 43,604 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Clearwater Paper by 1,102.7% during the fourth quarter. Millennium Management LLC now owns 429,264 shares of the basic materials company's stock valued at $12,779,000 after acquiring an additional 393,572 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Clearwater Paper by 101.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company's stock valued at $11,561,000 after acquiring an additional 195,487 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Clearwater Paper by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 386,976 shares of the basic materials company's stock valued at $11,523,000 after acquiring an additional 4,973 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Clearwater Paper by 33.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 271,056 shares of the basic materials company's stock valued at $8,069,000 after acquiring an additional 68,558 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Clearwater Paper Stock Performance

NYSE CLW traded down $0.35 during trading hours on Tuesday, reaching $29.58. The stock had a trading volume of 62,627 shares, compared to its average volume of 318,155. The stock has a fifty day moving average of $28.49 and a 200 day moving average of $27.63. The stock has a market cap of $480.88 million, a P/E ratio of 2.87 and a beta of 0.10. Clearwater Paper Corporation has a 52-week low of $22.58 and a 52-week high of $57.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.80 and a current ratio of 1.66.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). Clearwater Paper had a net margin of 9.90% and a negative return on equity of 5.76%. The firm had revenue of $378.20 million during the quarter, compared to analysts' expectations of $387.00 million.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Clearwater Paper from a "hold" rating to a "sell" rating in a report on Saturday.

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.