34 institutional investors are raising stakes in Resolute Forest Products Inc. (RFP)

Resolute Forest Products Inc. (NYSE:RFP) enjoyed a 117.57% run-up in share price since hitting record low of $3.70. The stock managed 11.81% rise and now stands at $8.05 as of November 3, 2017. At recent session, the prices were hovering between $7.35 and $8.2. This company shares are -33.17% up from its target price of $5.38 and the current market capitalization stands at $728.61M. The recent change has given its price a 50.35% lead over SMA 50 and 8.78% lead over its 52-week high. The stock witnessed 54.81% gains, 71.28% gains and 59.41% 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 8.25% and during a month it has been found around 5.3%.

Resolute Forest Products Inc. (RFP) Top Holders

Institutional investors currently hold around $637 million or 89% in RFP stock. Look at its top three institutional owners. Fairfax Financial Holdings Ltd/ Can owns $245.91 million in Resolute Forest Products Inc., which represents roughly 33.75% of the company’s market cap and approximately 38.6% 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 $64.81 million. The third largest holder is Vanguard Group Inc, which currently holds $41.99 million worth of this stock and that ownership represents nearly 5.76% of its market capitalization.

Resolute Forest Products Inc. 13F Filings

At the end of 06/30/2017 reporting period, 34 institutional holders increased their position in Resolute Forest Products Inc. (NYSE:RFP) by some 1,321,607 shares, 49 decreased positions by 3,095,452 and 29 held positions by 74,732,331. That puts total institutional holdings at 79,149,390 shares, according to SEC filings. The stock grabbed 9 new institutional investments totaling 206,221 shares while 10 institutional investors sold out their entire positions totaling 599,480 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 $71,627,290.

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 $93,764,790.

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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