Alpine Investment Management LLC boosted its stake in shares of Resolute Forest Products Inc. (NYSE:RFP) by 11.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,438,914 shares of the company’s stock after buying an additional 560,048 shares during the period. Resolute Forest Products makes up 2.2% of Alpine Investment Management LLC’s portfolio, making the stock its 14th largest position. Alpine Investment Management LLC owned about 6.08% of Resolute Forest Products worth $28,772,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. bought a new position in shares of Resolute Forest Products during the first quarter worth about $870,000. Envestnet Asset Management Inc. boosted its position in shares of Resolute Forest Products by 11.6% in the first quarter. Envestnet Asset Management Inc. now owns 630,160 shares of the company’s stock worth $3,472,000 after buying an additional 65,453 shares during the last quarter. Bogle Investment Management L P DE boosted its position in shares of Resolute Forest Products by 10.6% in the first quarter. Bogle Investment Management L P DE now owns 239,635 shares of the company’s stock worth $1,320,000 after buying an additional 22,922 shares during the last quarter. Chou Associates Management Inc. boosted its position in shares of Resolute Forest Products by 4.2% in the first quarter. Chou Associates Management Inc. now owns 4,904,752 shares of the company’s stock worth $27,061,000 after buying an additional 199,843 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Resolute Forest Products by 68.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,599 shares of the company’s stock worth $102,000 after buying an additional 7,559 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

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

Resolute Forest Products Inc. (NYSE:RFP) traded down 0.84% during midday trading on Monday, reaching $4.75. The company had a trading volume of 118,787 shares. The stock’s market cap is $425.16 million. The firm has a 50-day moving average of $5.07 and a 200-day moving average of $5.46. Resolute Forest Products Inc. has a 12 month low of $3.79 and a 12 month high of $9.55.

Resolute Forest Products (NYSE:RFP) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Resolute Forest Products had a negative return on equity of 1.22% and a negative net margin of 7.57%. The company earned $891 million during the quarter, compared to analysts’ expectations of $934 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, equities analysts expect that Resolute Forest Products Inc. will post $0.01 EPS for the current fiscal year.

RFP has been the subject of a number of recent research reports. TD Securities reissued a “reduce” rating and issued a $5.00 target price (up from $4.75) on shares of Resolute Forest Products in a report on Wednesday, August 10th. Zacks Investment Research raised Resolute Forest Products from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.03.

Resolute Forest Products Company Profile

Resolute Forest Products Inc offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. The Company owns or operates over 40 pulp, paper, tissue and wood products facilities in the United States, Canada and South Korea, as well as power generation assets in Canada.

5 Day Chart for NYSE:RFP

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