Chou Associates Management INC Trimmed Holding in Resolute Fst Prods INC (RFP) by $4.03 Million as Share Value Declined

April 16, 2018 - By Adrian Erickson

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 4.60 million shares of the paper company at the end of 2017Q4, valued at $50.80 million, 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 $912.23M 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. On Thursday, November 2 the stock rating was maintained by RBC Capital Markets with “Hold”. RBC Capital Markets maintained Resolute Forest Products Inc. (NYSE:RFP) rating on Thursday, February 1. RBC Capital Markets has “Hold” rating and $9.0 target. The stock of Resolute Forest Products Inc. (NYSE:RFP) earned “Hold” rating by RBC Capital Markets on Thursday, October 19. Scotia Capital maintained the stock with “Sell” rating in Tuesday, March 6 report. The firm has “Hold” rating by TD Securities given on Friday, November 3. The firm has “Sell” rating by Scotia Capital given on Wednesday, January 10. The stock has “Sell” rating by Scotia Capital on Thursday, April 12. RBC Capital Markets maintained Resolute Forest Products Inc. (NYSE:RFP) on Thursday, January 11 with “Hold” rating. The stock has “Outperformer” rating by IBC on Friday, November 3.

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

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