GSA Capital Partners LLP grew its position in shares of Resolute Forest Products Inc. (NYSE:RFP) (TSE:RFP) by 50.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,124 shares of the basic materials company’s stock after acquiring an additional 61,164 shares during the period. GSA Capital Partners LLP owned about 0.20% of Resolute Forest Products worth $806,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in shares of Resolute Forest Products during the second quarter valued at about $384,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Resolute Forest Products by 1.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,787 shares of the basic materials company’s stock worth $171,000 after buying an additional 700 shares in the last quarter. ACR Alpine Capital Research LLC raised its stake in Resolute Forest Products by 2.5% in the second quarter. ACR Alpine Capital Research LLC now owns 5,170,696 shares of the basic materials company’s stock worth $22,751,000 after buying an additional 126,441 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Resolute Forest Products by 100.3% in the second quarter. JPMorgan Chase & Co. now owns 46,424 shares of the basic materials company’s stock worth $204,000 after buying an additional 23,247 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Resolute Forest Products by 0.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,816,071 shares of the basic materials company’s stock worth $7,991,000 after buying an additional 16,793 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This report was published by Marea Informative and is the sole property of of Marea Informative. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at http://www.mareainformativa.com/resolute-forest-products-inc-rfp-stake-boosted-by-gsa-capital-partners-llp/117099/.

Separately, BidaskClub raised shares of Resolute Forest Products from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $4.67.

Resolute Forest Products Inc. (NYSE RFP) opened at 5.25 on Thursday. Resolute Forest Products Inc. has a 1-year low of $3.70 and a 1-year high of $6.75. The company has a 50-day moving average of $4.91 and a 200-day moving average of $4.85. The company’s market capitalization is $471.19 million.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). Resolute Forest Products had a negative return on equity of 0.98% and a negative net margin of 4.33%. The firm had revenue of $858.00 million for the quarter. During the same period in the previous year, the company posted $0.07 earnings per share. Equities analysts expect that Resolute Forest Products Inc. will post ($0.09) EPS for the current fiscal year.

Resolute Forest Products Profile

Resolute Forest Products Inc operates in the forest products industry. It offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. As of December 31, 2016, it owned or operated over 40 pulp, paper, tissue and wood products facilities in the United States and Canada.

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

Receive News & Stock Ratings for Resolute Forest Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Forest Products Inc. and related stocks with our FREE daily email newsletter.