The Top Three Holders Of Resolute Forest Products Inc. (RFP)

Resolute Forest Products Inc. (NYSE:RFP) reached 60.81% versus a 1-year low price of $3.7. The stock was last seen 4.39% higher, reaching at $5.95 on 10/12/2017. At recent session, the prices were hovering between $5.6 and $6. This company shares are -15.97% up from its target price of $5 and the current market capitalization stands at $539.19M. The recent change has given its price a 21.11% lead over SMA 50 and -11.85% deficit over its 52-week high. The stock witnessed 20.2% gains, 33.71% gains and 14.42% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RFP’s volatility during a week at 4.68% and during a month it has been found around 4.7%.

Resolute Forest Products Inc. (RFP) Top Holders

Institutional investors currently hold around $452 million or 89.1% in RFP stock. Look at its top three institutional owners. Fairfax Financial Holdings Ltd/ Can owns $174.13 million in Resolute Forest Products Inc., which represents roughly 32.29% of the company’s market cap and approximately 38.52% of the institutional ownership. Similar statistics are true for the second largest owner, Donald Smith & Co., Inc., which owns 8,050,600 shares of the stock are valued at $45.89 million. The third largest holder is Vanguard Group Inc, which currently holds $29.73 million worth of this stock and that ownership represents nearly 5.51% of its market capitalization.

Resolute Forest Products Inc. 13F Filings

At the end of 6/30/2017 reporting period, 37 institutional holders increased their position in Resolute Forest Products Inc. (NYSE:RFP) by some 1,358,280 shares, 49 decreased positions by 3,045,504 and 27 held positions by 74,887,821. That puts total institutional holdings at 79,291,605 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 206,012 shares while 12 institutional investors sold out their entire positions totaling 605,113 shares.

Resolute Forest Products Inc. (NYSE:RFP) Insider Trades

Multiple company employees have indulged in significant insider trading. Resolute Forest Products Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Rousseau Michael S has acquired 20,000 shares of Resolute Forest Products Inc. (RFP) in trading session dated Jun. 15, 2016. These shares are worth $103,600 and were traded at $5.18 each. The SEC filing shows that Steelhead Partners Llc performed a sale of 2,750,000 shares. The disposed these shares by way of transaction on Jun. 08, 2015. The company’s shares were given away at $11.4 per share worth to an income of some $31,350,000 on account of Steelhead Partners Llc.

10% Owner, Steelhead Navigator Master, L., sold 2,750,000 common shares of Resolute Forest Products Inc. (RFP) in the open market. In a transaction dated Jun. 08, 2015, the shares were put up for sale at an average price of $11.4, raking in a sum of $31,350,000. After this sale, 8,897,800 common shares of RFP are directly owned by the insider, with total stake valued at $52,941,910.

In the transaction dated May. 01, 2015, the great number of shares disposed came courtesy the 10% Owner; Steelhead Navigator Master, L. disposed a total of 223,700 shares at an average price of $16.08, amounting to approximately $3,597,096. The insider now directly owns 11,647,800 shares worth $69,304,410.

Resolute Forest Products Inc. (RFP) Analyst Guide

Several analysts have released their opinion on Resolute Forest Products Inc. (NYSE:RFP), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 4 average brokerage recommendation.

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