Steelhead Partners LLC lowered its stake in shares of Resolute Forest Products Inc (NYSE:RFP) (TSE:RFP) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,294,260 shares of the basic materials company’s stock after selling 12,000 shares during the period. Resolute Forest Products makes up approximately 3.1% of Steelhead Partners LLC’s investment portfolio, making the stock its 13th largest position. Steelhead Partners LLC owned 3.67% of Resolute Forest Products worth $36,402,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. purchased a new position in shares of Resolute Forest Products during the 3rd quarter worth approximately $102,000. Brandes Investment Partners LP purchased a new position in shares of Resolute Forest Products during the 3rd quarter worth approximately $144,000. Macquarie Group Ltd. purchased a new position in shares of Resolute Forest Products during the 3rd quarter worth approximately $157,000. Citadel Advisors LLC boosted its position in shares of Resolute Forest Products by 40.0% during the 3rd quarter. Citadel Advisors LLC now owns 34,598 shares of the basic materials company’s stock worth $175,000 after purchasing an additional 9,889 shares during the period. Finally, CAPROCK Group Inc. purchased a new position in shares of Resolute Forest Products during the 4th quarter worth approximately $182,000. 88.25% of the stock is owned by hedge funds and other institutional investors.
In other Resolute Forest Products news, Director Randall C. Benson purchased 4,800 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was bought at an average price of $10.43 per share, with a total value of $50,064.00. Following the transaction, the director now directly owns 8,134 shares of the company’s stock, valued at approximately $84,837.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.
Resolute Forest Products Inc (RFP) opened at $8.25 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.48 and a quick ratio of 1.23. Resolute Forest Products Inc has a 1 year low of $4.10 and a 1 year high of $12.15. The company has a market cap of $744.12, a P/E ratio of 63.46 and a beta of 1.71.
Resolute Forest Products (NYSE:RFP) (TSE:RFP) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.47). Resolute Forest Products had a negative net margin of 2.39% and a positive return on equity of 0.74%. The business had revenue of $898.00 million during the quarter. During the same period in the previous year, the company earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year.
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Resolute Forest Products Company Profile
Resolute Forest Products Inc operates in the forest products industry. It offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. As of December 31, 2016, it owned or operated over 40 pulp, paper, tissue and wood products facilities in the United States and Canada.
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