Donald Smith & CO. Inc. Has $6.06 Million Stock Holdings in Resolute Forest Products (NYSE:RFP)

Donald Smith & CO. Inc. lessened its position in Resolute Forest Products (NYSE:RFP) (TSE:RFP) by 1.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,806,599 shares of the basic materials company’s stock after selling 47,383 shares during the period. Donald Smith & CO. Inc. owned about 5.54% of Resolute Forest Products worth $6,056,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of RFP. California Public Employees Retirement System lifted its position in Resolute Forest Products by 10.6% during the 4th quarter. California Public Employees Retirement System now owns 116,640 shares of the basic materials company’s stock worth $490,000 after buying an additional 11,200 shares in the last quarter. Aigen Investment Management LP acquired a new position in Resolute Forest Products during the 4th quarter worth about $274,000. Sei Investments Co. lifted its position in Resolute Forest Products by 7.3% during the 4th quarter. Sei Investments Co. now owns 216,699 shares of the basic materials company’s stock worth $904,000 after buying an additional 14,751 shares in the last quarter. Acadian Asset Management LLC lifted its position in Resolute Forest Products by 10.0% during the 4th quarter. Acadian Asset Management LLC now owns 2,859,304 shares of the basic materials company’s stock worth $12,010,000 after buying an additional 260,949 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Resolute Forest Products by 40.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,623,289 shares of the basic materials company’s stock worth $6,818,000 after buying an additional 471,075 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Resolute Forest Products stock traded up $0.04 during trading hours on Tuesday, reaching $1.90. 90,267 shares of the company’s stock traded hands, compared to its average volume of 218,515. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.55 and a current ratio of 3.21. Resolute Forest Products has a fifty-two week low of $1.14 and a fifty-two week high of $7.33. The firm has a market capitalization of $162.49 million, a price-to-earnings ratio of -1.92 and a beta of 2.76. The firm’s 50 day moving average is $1.77 and its 200-day moving average is $2.97.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last released its earnings results on Thursday, April 30th. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.33). Resolute Forest Products had a negative net margin of 3.19% and a negative return on equity of 7.47%. The company had revenue of $689.00 million for the quarter.

Several research analysts recently issued reports on RFP shares. CIBC reiterated a “buy” rating and set a $4.50 price target on shares of Resolute Forest Products in a research report on Thursday, February 6th. TD Securities upped their price target on shares of Resolute Forest Products from $1.50 to $2.75 and gave the stock a “hold” rating in a research report on Friday, May 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $3.00 price target on shares of Resolute Forest Products in a research report on Friday, May 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Resolute Forest Products presently has a consensus rating of “Buy” and a consensus target price of $4.81.

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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