South State Lowered Goldman Sachs Group Com (GS) Position by $1.25 Million as Stock Price Declined; Steelhead Partners Cut Resolute Fst Prods (RFP) Stake by $2.25 Million as Shares Rose

August 10, 2018 - By Jimmy Cauthen

Resolute Forest Products Inc. (NYSE:RFP) Logo

Steelhead Partners Llc decreased its stake in Resolute Fst Prods Inc (RFP) by 8.52% based on its latest 2018Q1 regulatory filing with the SEC. Steelhead Partners Llc sold 280,710 shares as the company’s stock rose 27.44% while stock markets declined. The hedge fund held 3.01 million shares of the paper company at the end of 2018Q1, valued at $25.01 million, down from 3.29 million at the end of the previous reported quarter. Steelhead Partners Llc who had been investing in Resolute Fst Prods Inc for a number of months, seems to be less bullish one the $1.14B market cap company. The stock increased 0.40% or $0.05 during the last trading session, reaching $12.6. About 281,538 shares traded. Resolute Forest Products Inc. (NYSE:RFP) has risen 127.17% since August 10, 2017 and is uptrending. It has outperformed by 114.60% the S&P500. Some Historical RFP News: 26/04/2018 – Arizona Public Service Issues RFP for Peaking Capacity; 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; 05/04/2018 – Moody’s Says Resolute’s Add-on Notes Issuance Does Not Change Ratings; 20/04/2018 – Upper Makefieldf: RFP-Architectural/Engineering for Building Renovations; 19/03/2018 – LACERA: RFP: Real Estate THC Audit and Tax Services; 14/05/2018 – RESOLUTE TO INVEST OVER $52 MILLION IN ITS SAINT-FÉLICIEN PULP MILL IN QUEBEC; 03/05/2018 – RESOLUTE CEO SAYS TRANSPORT ISSUES CONTINUE TO IMPACT EARNINGS; 24/05/2018 – DirectRFP® Launches the World’s First RFP Automated Technology Platform; 10/04/2018 – Resolute Forest Rises for 8 Days; Tied for Longest Rally; 12/03/2018 – St. Croix Source: RFP-006-2018 (P)

South State Corp decreased its stake in Goldman Sachs Group Inc Com (GS) by 14.96% based on its latest 2018Q1 regulatory filing with the SEC. South State Corp sold 4,984 shares as the company’s stock declined 13.36% with the market. The institutional investor held 28,339 shares of the finance company at the end of 2018Q1, valued at $7.14M, down from 33,323 at the end of the previous reported quarter. South State Corp who had been investing in Goldman Sachs Group Inc Com for a number of months, seems to be less bullish one the $88.27B market cap company. The stock decreased 1.10% or $2.59 during the last trading session, reaching $233.78. About 2.95M shares traded or 3.54% up from the average. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 5.64% since August 10, 2017 and is uptrending. It has underperformed by 6.93% the S&P500. Some Historical GS News: 04/05/2018 – Goldman Hires New Co-Head of Russia in First Shakeup Since 2015; 22/05/2018 – DOVER CORP. ENTERED PACT WITH GOLDMAN FOR $700M STK BUYBACK; 24/05/2018 – AB Foods Target Cut to 3000p From 3100p by Goldman Sachs; 05/03/2018 – PE Hub: Vestar explores Fund V revamp with Goldman and AlpInvest; 06/04/2018 – GOLDMAN’S BLANKFEIN `MAY’ STAY THROUGH 2019: FOX’S GASPARINO; 18/05/2018 – Nickel in Longest Run of Weekly Gains in ’18 as Goldman Endorses; 18/05/2018 – GOLDMAN CEO BLANKFEIN IS LIKELY TO STEP DOWN IN DECEMBER – NYT, CITING; 30/05/2018 – Besieged by Activist Investors? Goldman Unveils an App for That; 23/04/2018 – Goldman said some of the data is gathered by Facebook and some is provided by advertisers; 10/04/2018 – UNITED COMPANY RUSAL PLC – MAKSIM GOLDMAN AND DANIEL LESIN WOLFE, NON-EXECUTIVE DIRECTORS OF CO, HAVE RESIGNED

Investors sentiment increased to 1.16 in Q1 2018. Its up 0.17, from 0.99 in 2017Q4. It increased, as 61 investors sold GS shares while 357 reduced holdings. 140 funds opened positions while 345 raised stakes. 266.01 million shares or 1.06% less from 268.85 million shares in 2017Q4 were reported. Bandera Ptnrs Limited Liability owns 9,100 shares for 1.71% of their portfolio. Alpha Cubed Investments Llc accumulated 17,804 shares. Illinois-based Rothschild Corp Il has invested 1.3% in The Goldman Sachs Group, Inc. (NYSE:GS). First Lp accumulated 113,552 shares or 0.07% of the stock. Whittier Tru Communications Of Nevada stated it has 16,052 shares or 0.33% of all its holdings. Connor Clark Lunn Invest Mngmt Limited reported 131,650 shares. Sentinel Tru Comm Lba invested 0.8% in The Goldman Sachs Group, Inc. (NYSE:GS). Elkhorn Prns Lp holds 1.21% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS) for 7,550 shares. Ashfield Capital Prtnrs Ltd Company holds 0.03% or 845 shares in its portfolio. Capital Ltd Ca has 0.25% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Sandy Spring Financial Bank accumulated 0.05% or 2,344 shares. Clarivest Asset Management Limited Liability owns 792 shares for 0% of their portfolio. The New York-based Hudson Bay Capital Lp has invested 0.05% in The Goldman Sachs Group, Inc. (NYSE:GS). Dnb Asset Mgmt As has invested 0% in The Goldman Sachs Group, Inc. (NYSE:GS). Moreover, Blue Edge Ltd Liability has 0% invested in The Goldman Sachs Group, Inc. (NYSE:GS).

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Seekingalpha.com which released: “Tesla and Wall Street: It’s complicated” on August 09, 2018, also Bizjournals.com with their article: “Banking Roundup: JPMorgan subject of SEC probe… Wells Fargo’s accidental foreclosures” published on August 08, 2018, Seekingalpha.com published: “WSJ: Goldman Sachs pursuing first contract for liquid natural gas” on August 08, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Benzinga.com and their article: “2 Charts That Show Why Goldman Sachs Will Be Strong This Week” published on July 24, 2018 as well as Benzinga.com‘s news article titled: “Fintech Firm Even Financial Raises $18.8 Million Series A Round” with publication date: August 07, 2018.

South State Corp, which manages about $868.83 million US Long portfolio, upped its stake in Schlumberger Ltd (NYSE:SLB) by 21,201 shares to 109,257 shares, valued at $7.08M in 2018Q1, according to the filing. It also increased its holding in Boeing Company (NYSE:BA) by 1,252 shares in the quarter, for a total of 40,596 shares, and has risen its stake in Ishares Msci Eafe Etf (EFA).

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on October, 16. They expect $5.80 earnings per share, up 15.54% or $0.78 from last year’s $5.02 per share. GS’s profit will be $2.19 billion for 10.08 P/E if the $5.80 EPS becomes a reality. After $5.98 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -3.01% negative EPS growth.

Since February 21, 2018, it had 0 buys, and 4 insider sales for $5.75 million activity. SOLOMON DAVID M sold $1.95 million worth of stock. 6,738 shares valued at $1.78M were sold by LEE BRIAN J on Wednesday, February 21.

Among 32 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 14 have Buy rating, 1 Sell and 17 Hold. Therefore 44% are positive. Goldman Sachs Group Inc. had 111 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, April 19, the company rating was downgraded by Rafferty. The company was downgraded on Tuesday, November 8 by Citigroup. The rating was upgraded by Vetr on Monday, August 24 to “Buy”. Deutsche Bank upgraded The Goldman Sachs Group, Inc. (NYSE:GS) on Wednesday, November 30 to “Buy” rating. The company was maintained on Wednesday, October 19 by RBC Capital Markets. The firm has “Hold” rating by Zacks given on Tuesday, September 22. The firm earned “Outperform” rating on Thursday, August 10 by Wells Fargo. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, January 25. The rating was downgraded by Wood to “Market Perform” on Wednesday, July 19. Atlantic Securities upgraded the shares of GS in report on Friday, April 21 to “Overweight” rating.

Among 4 analysts covering Resolute Forest Products (NYSE:RFP), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Resolute Forest Products had 22 analyst reports since October 21, 2015 according to SRatingsIntel. The stock of Resolute Forest Products Inc. (NYSE:RFP) has “Sector Perform” rating given on Monday, April 25 by RBC Capital Markets. Scotia Capital downgraded Resolute Forest Products Inc. (NYSE:RFP) rating on Thursday, January 5. Scotia Capital has “Sector Underperform” rating and $5 target. TD Securities upgraded the stock to “Hold” rating in Friday, November 3 report. The stock has “Hold” rating by RBC Capital Markets on Thursday, November 2. The stock of Resolute Forest Products Inc. (NYSE:RFP) has “Outperform” rating given on Friday, February 5 by RBC Capital Markets. The stock of Resolute Forest Products Inc. (NYSE:RFP) has “Sector Perform” rating given on Monday, June 5 by IBC. TD Securities maintained the stock with “Sell” rating in Friday, October 13 report. On Tuesday, March 6 the stock rating was maintained by Scotia Capital with “Sell”. Scotia Capital maintained the stock with “Sell” rating in Wednesday, January 10 report. The stock of Resolute Forest Products Inc. (NYSE:RFP) earned “Hold” rating by Scotia Capital on Wednesday, May 23.

More recent Resolute Forest Products Inc. (NYSE:RFP) news were published by: Benzinga.com which released: “75 Biggest Movers From Yesterday” on August 03, 2018. Also Benzinga.com published the news titled: “65 Stocks Moving In Thursday’s Mid-Day Session” on August 02, 2018. Seekingalpha.com‘s news article titled: “Resolute Forest Products, Inc. (RFP) CEO Yves Laflamme on Q2 2018 Results – Earnings Call Transcript” with publication date: August 02, 2018 was also an interesting one.

Steelhead Partners Llc, which manages about $1.95B and $1.22B US Long portfolio, upped its stake in Mosaic Co New (NYSE:MOS) by 52,978 shares to 240,250 shares, valued at $5.83M in 2018Q1, according to the filing. It also increased its holding in Cypress Semiconductor Corp (Prn) by 8.69M shares in the quarter, for a total of 18.69M shares, and has risen its stake in Quidel Corp (Prn).

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

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