American Financial Group Inc. held its position in shares of Resolute Forest Products Inc. (NYSE:RFP) (TSE:RFP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,280,836 shares of the company’s stock at the end of the third quarter. American Financial Group Inc.’s holdings in Resolute Forest Products were worth $6,058,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RFP. Fairfax Financial Holdings Ltd Can boosted its position in shares of Resolute Forest Products by 5.2% in the second quarter. Fairfax Financial Holdings Ltd Can now owns 30,548,190 shares of the company’s stock valued at $161,600,000 after buying an additional 1,500,000 shares during the last quarter. Alpine Investment Management LLC boosted its position in shares of Resolute Forest Products by 11.5% in the second quarter. Alpine Investment Management LLC now owns 5,438,914 shares of the company’s stock valued at $28,772,000 after buying an additional 560,048 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Resolute Forest Products during the second quarter valued at $1,072,000. Vanguard Group Inc. boosted its position in shares of Resolute Forest Products by 4.3% in the second quarter. Vanguard Group Inc. now owns 4,640,515 shares of the company’s stock valued at $24,548,000 after buying an additional 189,971 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Resolute Forest Products during the first quarter valued at $870,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Resolute Forest Products Inc. (NYSE:RFP) traded up 2.874% during midday trading on Tuesday, hitting $4.475. 107,870 shares of the stock traded hands. Resolute Forest Products Inc. has a 52 week low of $3.70 and a 52 week high of $8.41. The company’s 50-day moving average is $4.46 and its 200 day moving average is $5.18. The firm’s market capitalization is $400.54 million.

Resolute Forest Products (NYSE:RFP) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Resolute Forest Products had a negative net margin of 7.04% and a negative return on equity of 0.98%. The company had revenue of $888 million for the quarter, compared to analysts’ expectations of $960 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. Resolute Forest Products’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts anticipate that Resolute Forest Products Inc. will post $0.15 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was originally published by Financial Market News and is the sole property of of Financial Market News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at http://www.financial-market-news.com/resolute-forest-products-inc-rfp-position-maintained-by-american-financial-group-inc/1208931/.

Separately, TD Securities reissued a “reduce” rating and set a $3.75 target price (down previously from $5.00) on shares of Resolute Forest Products in a research report on Sunday, November 6th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Resolute Forest Products presently has a consensus rating of “Hold” and a consensus price target of $5.72.

Resolute Forest Products Company Profile

Resolute Forest Products Inc offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. The Company owns or operates over 40 pulp, paper, tissue and wood products facilities in the United States, Canada and South Korea, as well as power generation assets in Canada.

5 Day Chart for NYSE:RFP

Want to see what other hedge funds are holding RFP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Resolute Forest Products Inc. (NYSE:RFP) (TSE:RFP).

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.