Gierl Augustine Investment Management Inc Exits Position in Resolute Forest Products Inc (RFP)

Resolute Forest Products Inc (RFP) : Gierl Augustine Investment Management Inc has sold out all of its stake in Resolute Forest Products Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 181 shares of Resolute Forest Products Inc which is valued at $867.

Other Hedge Funds, Including , Creative Planning added RFP to its portfolio by purchasing 700 company shares during the most recent quarter which is valued at $3,374.Bnp Paribas Arbitrage Sa boosted its stake in RFP in the latest quarter, The investment management firm added 854 additional shares and now holds a total of 2,594 shares of Resolute Forest Products Inc which is valued at $12,322.

Resolute Forest Products Inc opened for trading at $4.67 and hit $4.9 on the upside on Friday, eventually ending the session at $4.79, with a gain of 2.35% or 0.11 points. The heightened volatility saw the trading volume jump to 1,00,311 shares. Company has a market cap of $429 M.

On the company’s financial health, Resolute Forest Products Inc reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.12.During the same quarter in the previous year, the company posted $0.07 EPS.

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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