Resolute Forest Products Inc (RFP) Shares Sold by Private Management Group Inc.

Private Management Group Inc. cut its position in Resolute Forest Products Inc (NYSE:RFP) (TSE:RFP) by 40.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,735 shares of the basic materials company’s stock after selling 211,189 shares during the period. Private Management Group Inc. owned approximately 0.34% of Resolute Forest Products worth $1,672,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Tudor Investment Corp Et Al raised its position in shares of Resolute Forest Products by 3.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 19,703 shares of the basic materials company’s stock worth $105,000 after buying an additional 626 shares in the last quarter. Group One Trading L.P. raised its position in shares of Resolute Forest Products by 3,299.7% in the fourth quarter. Group One Trading L.P. now owns 24,382 shares of the basic materials company’s stock worth $130,000 after buying an additional 25,144 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Resolute Forest Products by 49.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,287 shares of the basic materials company’s stock worth $153,000 after buying an additional 10,668 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Resolute Forest Products during the first quarter worth $285,000. Finally, Guggenheim Capital LLC raised its position in shares of Resolute Forest Products by 6.2% in the fourth quarter. Guggenheim Capital LLC now owns 62,398 shares of the basic materials company’s stock worth $334,000 after buying an additional 3,626 shares in the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

Institutional Ownership by Quarter for Resolute Forest Products (NYSE:RFP)

Resolute Forest Products Inc (NYSE:RFP) traded down 3.26% during trading on Friday, hitting $4.45. The stock had a trading volume of 235,681 shares. The firm’s market cap is $399.39 million. The company has a 50-day moving average of $5.35 and a 200 day moving average of $4.91. Resolute Forest Products Inc has a 52-week low of $3.70 and a 52-week high of $6.75.

Resolute Forest Products (NYSE:RFP) last issued its earnings results on Thursday, May 4th. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.46. Resolute Forest Products had a positive return on equity of 0.21% and a negative net margin of 2.28%. The firm had revenue of $872 million during the quarter. During the same quarter last year, the business earned ($0.20) earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that Resolute Forest Products Inc will post $0.04 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on RFP. TD Securities restated a “sell” rating on shares of Resolute Forest Products in a research note on Saturday, May 6th. Royal Bank of Canada restated a “hold” rating and issued a $5.00 target price on shares of Resolute Forest Products in a research note on Tuesday, April 18th.

Resolute Forest Products Company Profile

Resolute Forest Products Inc operates in the forest products industry. It offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. As of December 31, 2016, it owned or operated over 40 pulp, paper, tissue and wood products facilities in the United States and Canada.

5 Day Chart for NYSE:RFP

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