Chou Associates Management Position in Resolute Fst Prods (RFP) Lifted by $28.15 Million as Share Value Declined; As Intl Paper Co (IP) Shares Rose, Shareholder Wbi Investments Has Boosted Position

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Chou Associates Management Inc increased its stake in Resolute Fst Prods Inc (RFP) by 731.27% based on its latest 2018Q4 regulatory filing with the SEC. Chou Associates Management Inc bought 4.02 million shares as the company’s stock declined 15.38% while stock markets rallied. The hedge fund held 4.57M shares of the paper company at the end of 2018Q4, valued at $36.26M, up from 550,000 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 bullish on the $714.22 million market cap company. The stock decreased 0.13% or $0.01 during the last trading session, reaching $7.84. About 123,520 shares traded. Resolute Forest Products Inc. (NYSE:RFP) has risen 20.20% since April 15, 2018 and is uptrending. It has outperformed by 15.83% the S&P500. Some Historical RFP News: 19/03/2018 – LACERA: RFP: Real Estate THC Audit and Tax Services; 11/04/2018 – Resolute Forest Rises for 9 Days: Longest Streak Since IPO; 10/04/2018 – St Louis County: Records Acquisition Services – RFP 2018-19-TP; 13/03/2018 – U.S. COMMERCE DEPARTMENT MAKES PRELIMINARY FINDING IMPORTS OF CANADIAN UNCOATED GROUNDWOOD PAPER DUMPED, IMPOSES ANTIDUMPING DUTIES OF UP TO 22.16 PCT; 14/03/2018 – WELSPUN ENTERPRISES LTD – NHAI ADVISED THAT RFP FOR PROJECT OF SIX LANING OF WALAJAPETH TO CHINNAIYAN CHATHIRAM SECTION OF NH-4 HAS BEEN ANNULLED; 01/05/2018 – Resolute Announces Ratification of Unifor Labor Agreement in Canada; 14/05/2018 – RESOLUTE FOREST PRODUCTS INC – INVESTMENTS AT SAINT-FÉLICIEN EXPECTED TO INCREASE AVERAGE DAILY PRODUCTION CAPACITY BY 76 METRIC TONS; 14/03/2018 – ThunderBaySource: Resolute Forest Products escapes anti-dumping ruling; 16/04/2018 – PREPA ISSUES RFP FOR VIEQUES/CULEBRA ELECTRIC POWER; 29/03/2018 – RFPIO Adds Artificial Intelligence to Their RFP Software

Wbi Investments Inc increased its stake in Intl Paper Co (IP) by 190.2% based on its latest 2018Q4 regulatory filing with the SEC. Wbi Investments Inc bought 65,616 shares as the company’s stock rose 2.20% with the market. The institutional investor held 100,114 shares of the paper company at the end of 2018Q4, valued at $4.04M, up from 34,498 at the end of the previous reported quarter. Wbi Investments Inc who had been investing in Intl Paper Co for a number of months, seems to be bullish on the $19.18 billion market cap company. The stock increased 1.49% or $0.7 during the last trading session, reaching $47.76. About 1.91M shares traded. International Paper Company (NYSE:IP) has declined 21.28% since April 15, 2018 and is downtrending. It has underperformed by 25.65% the S&P500. Some Historical IP News: 04/05/2018 – SMURFIT KAPPA CEO SAYS THERE WILL BE SOME CONSOLIDATION IN EUROPEAN PACKAGING INDUSTRY, NOT TO SAME EXTENT AS U.S; 06/03/2018 – INTERNATIONAL PAPER CO IP.N – CONFIRMS IT HAS SUBMITTED PROPOSAL TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF SMURFIT KAPPA; 19/04/2018 – Cramer’s lightning round: International Paper is a ‘very good buy’ at these prices; 06/03/2018 – INTERNATIONAL PAPER – POSSIBLE OFFER FOR SMURFIT KAPPA GROUP PLC; 06/03/2018 – International Paper Confirms Submitting Proposal to Acquire Entire Issued and to Be Issued Share Capital of Smurfit Kappa; 26/04/2018 – International Paper 1Q EPS $1.74; 26/03/2018 – Smurfit/International Paper: package deal; 26/04/2018 – INTERNATIONAL PAPER CEO SAYS NO NEW INFO ON SMURFIT-KAPPA BID; 16/05/2018 – INTL PAPER CONFIRMS IT WOULD SEEK A SECONDARY LISTING ON LSE; 06/03/2018 – International Paper: Deal Values Smurfit Kappa at Total EUR8.6 Bln

More notable recent Resolute Forest Products Inc. (NYSE:RFP) news were published by: Seekingalpha.com which released: “Resolute Forest Products, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on January 31, 2019, also Seekingalpha.com with their article: “Healthcare tops midday movers – Seeking Alpha” published on January 31, 2019, Seekingalpha.com published: “Resolute Forest Products, Inc. (RFP) CEO Yves Laflamme on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on January 31, 2019. More interesting news about Resolute Forest Products Inc. (NYSE:RFP) were released by: Benzinga.com and their article: “48 Stocks Moving In Thursday’s Mid-Day Session – Benzinga” published on January 31, 2019 as well as Fool.ca‘s news article titled: “3 Stocks That Soared Yesterday – The Motley Fool Canada” with publication date: October 04, 2018.

Investors sentiment decreased to 0.97 in 2018 Q4. Its down 0.35, from 1.32 in 2018Q3. It worsened, as 73 investors sold IP shares while 232 reduced holdings. 84 funds opened positions while 213 raised stakes. 318.55 million shares or 0.30% less from 319.50 million shares in 2018Q3 were reported. Canada Pension Plan Board has invested 0.08% in International Paper Company (NYSE:IP). 7,100 were accumulated by Systematic Mgmt Lp. State Bank Of The West has invested 0.05% in International Paper Company (NYSE:IP). Thrivent Fincl For Lutherans has invested 0% in International Paper Company (NYSE:IP). Alliancebernstein Limited Partnership owns 0.03% invested in International Paper Company (NYSE:IP) for 875,479 shares. Gateway Invest Advisers Ltd Liability Co invested in 0.01% or 22,223 shares. Archford Strategies Ltd invested 0.4% in International Paper Company (NYSE:IP). South Dakota Council stated it has 0.05% of its portfolio in International Paper Company (NYSE:IP). The Texas-based King Luther Mngmt Corp has invested 0.01% in International Paper Company (NYSE:IP). Vanguard Grp has 0.06% invested in International Paper Company (NYSE:IP) for 31.71M shares. Aperio Group Incorporated Limited has 0.05% invested in International Paper Company (NYSE:IP) for 228,270 shares. Moreover, Qs Limited Liability Company has 0.01% invested in International Paper Company (NYSE:IP) for 13,392 shares. Guggenheim Ltd Liability reported 288,337 shares or 0.1% of all its holdings. Panagora Asset Mgmt owns 30,279 shares or 0.01% of their US portfolio. Cibc World Markets has 43,300 shares.

Wbi Investments Inc, which manages about $2.52 billion and $886.03 million US Long portfolio, decreased its stake in Absolute Shs Tr (WBIB) by 223,396 shares to 893,438 shares, valued at $18.64M in 2018Q4, according to the filing. It also reduced its holding in Absolute Shs Tr (WBIL) by 189,107 shares in the quarter, leaving it with 803,688 shares, and cut its stake in Absolute Shs Tr (WBIH).

More recent International Paper Company (NYSE:IP) news were published by: Globenewswire.com which released: “New Research Coverage Highlights International Paper, Square, Sealed Air, Calix, elf Beauty, and Cytokinetics — Consolidated Revenues, Company Growth, and Expectations for 2019 – GlobeNewswire” on April 01, 2019. Also Seekingalpha.com published the news titled: “Dividend Investors: International Paper Is Boring And Beautiful – Seeking Alpha” on April 12, 2019. Seekingalpha.com‘s news article titled: “BlackBerry: Getting Paid In Thin Air – Seeking Alpha” with publication date: April 09, 2019 was also an interesting one.

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