ClariVest Asset Management LLC decreased its holdings in Resolute Forest Products (NYSE:RFP) (TSE:RFP) by 10.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,626 shares of the basic materials company’s stock after selling 24,662 shares during the period. ClariVest Asset Management LLC’s holdings in Resolute Forest Products were worth $1,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RFP. JPMorgan Chase & Co. raised its holdings in shares of Resolute Forest Products by 35.6% during the third quarter. JPMorgan Chase & Co. now owns 306,400 shares of the basic materials company’s stock worth $3,968,000 after purchasing an additional 80,487 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Resolute Forest Products by 15.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 61,297 shares of the basic materials company’s stock worth $486,000 after purchasing an additional 8,389 shares during the last quarter. LSV Asset Management raised its holdings in shares of Resolute Forest Products by 323.2% during the fourth quarter. LSV Asset Management now owns 1,281,980 shares of the basic materials company’s stock worth $10,166,000 after purchasing an additional 979,060 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Resolute Forest Products during the fourth quarter worth $245,000. Finally, Ramsey Quantitative Systems raised its holdings in shares of Resolute Forest Products by 28.2% during the fourth quarter. Ramsey Quantitative Systems now owns 18,046 shares of the basic materials company’s stock worth $143,000 after purchasing an additional 3,973 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

A number of research analysts have weighed in on RFP shares. CIBC reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Resolute Forest Products in a report on Thursday, April 11th. TD Securities cut their price objective on shares of Resolute Forest Products from $9.50 to $9.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. Finally, TheStreet cut shares of Resolute Forest Products from a “b-” rating to a “c+” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating, Resolute Forest Products presently has a consensus rating of “Hold” and an average target price of $11.75.

RFP opened at $6.09 on Friday. Resolute Forest Products has a fifty-two week low of $6.06 and a fifty-two week high of $15.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.54 and a quick ratio of 1.27. The firm has a market capitalization of $554.92 million, a price-to-earnings ratio of 2.92 and a beta of 1.35.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Resolute Forest Products had a net margin of 7.26% and a return on equity of 11.85%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $888.00 million. During the same period in the previous year, the firm posted $0.18 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis.

In other Resolute Forest Products news, SVP Richard Joseph Tremblay sold 15,004 shares of Resolute Forest Products stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $6.50, for a total value of $97,526.00. Following the completion of the transaction, the senior vice president now owns 138,113 shares of the company’s stock, valued at $897,734.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer C. Dolan acquired 4,152 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average cost of $6.21 per share, with a total value of $25,783.92. Following the acquisition, the director now directly owns 47,939 shares of the company’s stock, valued at approximately $297,701.19. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

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About Resolute Forest Products

Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment offers virgin and recycled bleached Kraft used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

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

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