Resolute Forest Products Inc. (RFP) Position Maintained by American Financial Group Inc.
American Financial Group Inc. maintained its stake in shares of Resolute Forest Products Inc. (NYSE:RFP) (TSE:RFP) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,280,836 shares of the company’s stock at the end of the third quarter. American Financial Group Inc. owned approximately 1.43% of Resolute Forest Products worth $6,058,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Resolute Forest Products during the first quarter worth approximately $870,000. Alpine Investment Management LLC raised its stake in shares of Resolute Forest Products by 11.5% in the second quarter. Alpine Investment Management LLC now owns 5,438,914 shares of the company’s stock worth $28,772,000 after buying an additional 560,048 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Resolute Forest Products by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 241,628 shares of the company’s stock worth $1,279,000 after buying an additional 14,533 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Resolute Forest Products during the second quarter worth approximately $1,072,000. Finally, California Public Employees Retirement System raised its stake in shares of Resolute Forest Products by 8.2% in the second quarter. California Public Employees Retirement System now owns 488,800 shares of the company’s stock worth $2,586,000 after buying an additional 37,100 shares during the period. Institutional investors own 90.46% of the company’s stock.
Shares of Resolute Forest Products Inc. (NYSE:RFP) traded up 2.874% during trading on Tuesday, reaching $4.475. The company’s stock had a trading volume of 107,870 shares. The firm’s market cap is $400.54 million. Resolute Forest Products Inc. has a 12 month low of $3.70 and a 12 month high of $8.41. The stock’s 50 day moving average price is $4.46 and its 200-day moving average price is $5.18.
Resolute Forest Products (NYSE:RFP) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $888 million for the quarter, compared to analysts’ expectations of $960 million. Resolute Forest Products had a negative net margin of 7.04% and a negative return on equity of 0.98%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. Equities analysts predict that Resolute Forest Products Inc. will post $0.15 EPS for the current year.
Separately, TD Securities reaffirmed a “reduce” rating and issued a $5.00 target price (up previously from $4.75) on shares of Resolute Forest Products in a research report on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.72.
About Resolute Forest Products
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.
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