As Resolute Fst Prods INC (RFP) Stock Value Declined, Shareholder Chou Associates Management INC Decreased Stake

April 16, 2018 - By Clifton Ray

Resolute Forest Products Inc. (NYSE:RFP) Logo

Francis Chou decreased its stake in Resolute Fst Prods Inc (RFP) by 7.39% based on its latest 2017Q4 regulatory filing with the SEC. Chou Associates Management Inc sold 366,591 shares as the company’s stock declined 22.22% with the market. The hedge fund run by Francis Chou held 4.60M shares of the paper company at the end of 2017Q4, valued at $50.80M, down from 4.96 million at the end of the previous reported quarter. Chou Associates Management Inc who had been investing in Resolute Fst Prods Inc for a number of months, seems to be less bullish one the $912.23 million market cap company. The stock increased 0.75% or $0.075 during the last trading session, reaching $10.075. About 76,989 shares traded. Resolute Forest Products Inc. (NYSE:RFP) has risen 73.20% since April 16, 2017 and is uptrending. It has outperformed by 61.65% the S&P500.

Resolute Forest Products Inc. (NYSE:RFP) Ratings Coverage

Among 3 analysts covering Resolute Forest (NYSE:RFP), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Resolute Forest had 9 analyst reports since October 19, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 11 by RBC Capital Markets. The firm has “Hold” rating by RBC Capital Markets given on Thursday, October 19. The firm earned “Hold” rating on Thursday, November 2 by RBC Capital Markets. The firm has “Outperformer” rating by IBC given on Friday, November 3. The stock has “Hold” rating by RBC Capital Markets on Thursday, February 1. The rating was maintained by Scotia Capital on Wednesday, January 10 with “Sell”. The rating was maintained by Scotia Capital on Tuesday, March 6 with “Sell”. The firm has “Sell” rating by Scotia Capital given on Thursday, April 12. The firm has “Hold” rating given on Friday, November 3 by TD Securities.

Resolute Forest Products Inc. (NYSE:RFP) Institutional Positions Chart

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