Trexquant Investment LP increased its position in shares of Resolute Forest Products Common Stock (NYSE:RFP) (TSE:RFP) by 20.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,261 shares of the basic materials company’s stock after buying an additional 7,467 shares during the quarter. Trexquant Investment LP’s holdings in Resolute Forest Products Common Stock were worth $367,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in Resolute Forest Products Common Stock during the 4th quarter worth approximately $219,000. Bogle Investment Management L P DE purchased a new position in Resolute Forest Products Common Stock during the 4th quarter worth approximately $419,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Resolute Forest Products Common Stock in the 4th quarter valued at approximately $422,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Resolute Forest Products Common Stock in the 4th quarter valued at approximately $453,000. Finally, PEAK6 Investments L.P. purchased a new position in shares of Resolute Forest Products Common Stock in the 4th quarter valued at approximately $808,000. Hedge funds and other institutional investors own 88.83% of the company’s stock.

In related news, Director Randall C. Benson purchased 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were acquired at an average price of $10.43 per share, for a total transaction of $50,064.00. Following the purchase, the director now owns 8,134 shares in the company, valued at $84,837.62. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on RFP. Scotiabank lifted their target price on Resolute Forest Products Common Stock from $9.50 to $9.75 and gave the company an “underperform” rating in a research note on Friday, May 4th. ValuEngine upgraded Resolute Forest Products Common Stock from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. Sidoti began coverage on Resolute Forest Products Common Stock in a research note on Tuesday, April 10th. They issued a “buy” rating and a $12.00 target price on the stock. Royal Bank of Canada lowered their target price on Resolute Forest Products Common Stock from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Finally, TD Securities lowered their target price on Resolute Forest Products Common Stock from $11.50 to $9.50 and set a “hold” rating on the stock in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.06.

Shares of Resolute Forest Products Common Stock opened at $10.45 on Wednesday, Marketbeat Ratings reports. Resolute Forest Products Common Stock has a twelve month low of $4.10 and a twelve month high of $12.15. The company has a market capitalization of $949.46 million, a price-to-earnings ratio of 16.41 and a beta of 1.56. The company has a current ratio of 2.43, a quick ratio of 1.14 and a debt-to-equity ratio of 0.48.

Resolute Forest Products Common Stock (NYSE:RFP) (TSE:RFP) last announced its quarterly earnings results on Thursday, May 3rd. The basic materials company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.19). Resolute Forest Products Common Stock had a negative net margin of 0.77% and a positive return on equity of 3.66%. The company had revenue of $874.00 million during the quarter, compared to analyst estimates of $913.80 million. During the same quarter last year, the company posted ($0.33) EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis.

Resolute Forest Products Common Stock Profile

Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates in five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment offers market, recycled bleached Kraft, and bleached hardwood Kraft pulp used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

Institutional Ownership by Quarter for Resolute Forest Products Common Stock (NYSE:RFP)

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