Allspring Global Investments Holdings LLC Purchases Shares of 9,414 Clearwater Paper Corporation (NYSE:CLW)

Allspring Global Investments Holdings LLC acquired a new stake in shares of Clearwater Paper Corporation (NYSE:CLW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,414 shares of the basic materials company's stock, valued at approximately $239,000. Allspring Global Investments Holdings LLC owned 0.06% of Clearwater Paper at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Clearwater Paper by 2,384.8% in the 1st quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company's stock worth $91,000 after purchasing an additional 3,458 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Clearwater Paper by 5,906.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,985 shares of the basic materials company's stock worth $126,000 after purchasing an additional 4,902 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Clearwater Paper in the 1st quarter worth about $152,000. Virtu Financial LLC purchased a new position in shares of Clearwater Paper in the 4th quarter worth about $217,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Clearwater Paper in the 4th quarter worth about $238,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Saturday.

Clearwater Paper Stock Performance

NYSE CLW traded down $0.17 during trading hours on Friday, hitting $29.86. The company's stock had a trading volume of 119,339 shares, compared to its average volume of 319,173. Clearwater Paper Corporation has a 12 month low of $22.58 and a 12 month high of $57.13. The company's 50 day simple moving average is $28.49 and its two-hundred day simple moving average is $27.69. The company has a market cap of $485.44 million, a P/E ratio of 2.89 and a beta of 0.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.66 and a quick ratio of 0.80.

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

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.