Aegis Financial Corp buys $8.9 Million stake in Resolute Forest Products Inc (RFP)

Resolute Forest Products Inc (RFP) : Aegis Financial Corp scooped up 513,766 additional shares in Resolute Forest Products Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,635,913 shares of Resolute Forest Products Inc which is valued at $8.9 Million.Resolute Forest Products Inc makes up approximately 5.70% of Aegis Financial Corp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in RFP in the latest quarter, The investment management firm added 140,906 additional shares and now holds a total of 238,596 shares of Resolute Forest Products Inc which is valued at $1.3 Million.Alpine Investment Management boosted its stake in RFP in the latest quarter, The investment management firm added 924,367 additional shares and now holds a total of 4,878,866 shares of Resolute Forest Products Inc which is valued at $26.6 Million. Resolute Forest Products Inc makes up approx 2.11% of Alpine Investment Management’s portfolio. Capstone Financial Advisors added RFP to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $81,900. Resolute Forest Products Inc makes up approx 0.03% of Capstone Financial Advisors’s portfolio.Russell Frank Co boosted its stake in RFP in the latest quarter, The investment management firm added 71,611 additional shares and now holds a total of 148,758 shares of Resolute Forest Products Inc which is valued at $864,284.

Resolute Forest Products Inc opened for trading at $5.63 and hit $5.85 on the upside on Wednesday, eventually ending the session at $5.82, with a gain of 3.37% or 0.19 points. The heightened volatility saw the trading volume jump to 1,30,475 shares. Company has a market cap of $521 M.

On the company’s financial health, Resolute Forest Products Inc reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.21. The company had revenue of $877.00 million for the quarter.The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.20 EPS.

Many Wall Street Analysts have commented on Resolute Forest Products Inc. RBC Capital Mkts Downgraded Resolute Forest Products Inc on Apr 25, 2016 to ” Sector Perform”, Price Target of the shares are set at $7.Resolute Forest Products Inc was Downgraded by CIBC to ” Sector Underperform” on Apr 22, 2016. Resolute Forest Products Inc was Downgraded by TD Securities to ” Reduce” on Apr 1, 2016.

Resolute Forest Products Inc. is a holding company. The Company is a forest products company which offers products including newsprint specialty papers market pulp and wood products. It owns or operates approximately 40 pulp and paper mills and wood products facilities in the United States Canada and South Korea and power generation assets in Canada. The Company operates through four segments: newsprint specialty papers market pulp and wood products. It also sells green power produced from renewable sources wood chips and other wood related products to customers located in Canada and the United States. The newsprint segment produces newsprint at 10 facilities in North America and one facility in South Korea. The specialty papers segment produces specialty papers at five facilities in North America. The market pulp segment produces market pulp at seven facilities in North America. The wood products segment operates 15 sawmills in Canada.

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