Campbell & CO Investment Adviser LLC Grows Position in Resolute Forest Products Inc. (NYSE:RFP)

Campbell & CO Investment Adviser LLC boosted its stake in shares of Resolute Forest Products Inc. (NYSE:RFPGet Rating) (TSE:RFP) by 43.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,400 shares of the basic materials company’s stock after purchasing an additional 12,600 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Resolute Forest Products were worth $632,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RFP. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Resolute Forest Products by 119.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 629,039 shares of the basic materials company’s stock valued at $7,486,000 after acquiring an additional 342,742 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Resolute Forest Products by 50.1% during the third quarter. Two Sigma Advisers LP now owns 882,564 shares of the basic materials company’s stock worth $10,503,000 after buying an additional 294,500 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in Resolute Forest Products by 11.3% during the third quarter. Wasatch Advisors Inc. now owns 2,255,846 shares of the basic materials company’s stock worth $26,845,000 after buying an additional 228,480 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Resolute Forest Products by 211.8% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 263,200 shares of the basic materials company’s stock worth $3,125,000 after buying an additional 178,800 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Resolute Forest Products during the third quarter worth $1,241,000. 86.30% of the stock is currently owned by institutional investors.

RFP has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on shares of Resolute Forest Products from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday. CIBC upgraded shares of Resolute Forest Products from a “neutral” rating to an “outperform” rating and increased their target price for the company from $14.00 to $19.00 in a research report on Monday, January 10th. StockNews.com assumed coverage on shares of Resolute Forest Products in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, TD Securities boosted their target price on shares of Resolute Forest Products from $16.00 to $17.50 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $18.13.

RFP traded down $0.72 during trading hours on Tuesday, reaching $13.75. The company’s stock had a trading volume of 23,425 shares, compared to its average volume of 677,414. Resolute Forest Products Inc. has a fifty-two week low of $9.84 and a fifty-two week high of $17.65. The stock has a market cap of $1.06 billion, a PE ratio of 2.69 and a beta of 2.83. The business’s 50-day moving average is $13.52 and its 200-day moving average is $13.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.29 and a quick ratio of 1.11.

In related news, Director Suzanne Blanchet acquired 13,300 shares of the business’s stock in a transaction dated Wednesday, February 16th. The shares were acquired at an average price of $15.01 per share, with a total value of $199,633.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Lafave sold 7,600 shares of the company’s stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $13.77, for a total value of $104,652.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

About Resolute Forest Products (Get Rating)

Resolute Forest Products Inc, together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached Kraft pulp, which is 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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