Western Asset Management Co Exits Position in Resolute Forest Products Inc (RFP)

Resolute Forest Products Inc (RFP) : Western Asset Management Co has sold out all of its stake in Resolute Forest Products Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 44 shares of Resolute Forest Products Inc which is valued at $178.

Other Hedge Funds, Including , Emerald Acquisition Ltd. reduced its stake in RFP by selling 14,400 shares or 7.11% in the most recent quarter. The Hedge Fund company now holds 188,258 shares of RFP which is valued at $724,793.Los Angeles Capital Management Equity Research Inc boosted its stake in RFP in the latest quarter, The investment management firm added 10,668 additional shares and now holds a total of 32,287 shares of Resolute Forest Products Inc which is valued at $124,305.Brighton Jones boosted its stake in RFP in the latest quarter, The investment management firm added 342 additional shares and now holds a total of 20,358 shares of Resolute Forest Products Inc which is valued at $96,701. Resolute Forest Products Inc makes up approx 0.02% of Brighton Jones’s portfolio.California Public Employees Retirement System reduced its stake in RFP by selling 52,100 shares or 10.66% in the most recent quarter. The Hedge Fund company now holds 436,700 shares of RFP which is valued at $2,052,490.

Resolute Forest Products Inc (RFP) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $4.25 and reached the intraday high at $4.4. The bulls started the profit booking and pushed the shares to intraday low of $4.25. The trading session was marked by a volume range of 1,72,475 shares exchanging hands. The 52-week high of the shares is $8.41 and the 52-week low is $3.7. The market cap of the company stands at $385 M and there are 8,95,07,379 shares in public circulation.

On the company’s financial health, Resolute Forest Products Inc reported $0.21 EPS for the quarter, based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $888.00 million for the quarter.The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Resolute Forest Products Inc. is a holding company. The Company is a forest products company which offers products including newsprint specialty papers market pulp and wood products. It owns or operates approximately 40 pulp and paper mills and wood products facilities in the United States Canada and South Korea and power generation assets in Canada. The Company operates through four segments: newsprint specialty papers market pulp and wood products. It also sells green power produced from renewable sources wood chips and other wood related products to customers located in Canada and the United States. The newsprint segment produces newsprint at 10 facilities in North America and one facility in South Korea. The specialty papers segment produces specialty papers at five facilities in North America. The market pulp segment produces market pulp at seven facilities in North America. The wood products segment operates 15 sawmills in Canada.

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