The ODP Co. (NASDAQ:ODP) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in The ODP Co. (NASDAQ:ODP) by 456.7% in the third quarter, HoldingsChannel.com reports. The firm owned 47,922 shares of the specialty retailer’s stock after buying an additional 39,313 shares during the quarter. Intech Investment Management LLC’s holdings in ODP were worth $1,426,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ODP. CWM LLC raised its holdings in ODP by 81.3% in the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 422 shares during the period. Quarry LP raised its holdings in ODP by 170.3% in the 2nd quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 688 shares during the period. KBC Group NV raised its holdings in ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 868 shares during the period. Innealta Capital LLC acquired a new position in ODP in the 2nd quarter worth about $68,000. Finally, Gladius Capital Management LP raised its holdings in ODP by 227.8% in the 2nd quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock worth $86,000 after purchasing an additional 1,515 shares during the period. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Price Performance

Shares of ODP stock opened at $26.94 on Tuesday. The business has a 50 day simple moving average of $29.21 and a two-hundred day simple moving average of $33.72. The ODP Co. has a 12 month low of $23.69 and a 12 month high of $58.98. The stock has a market capitalization of $811.38 million, a P/E ratio of -29.60, a PEG ratio of 0.60 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47.

ODP (NASDAQ:ODP) last posted its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. ODP’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the company earned $1.88 earnings per share. As a group, analysts predict that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ODP. StockNews.com raised ODP from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. UBS Group reduced their target price on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 7th.

ODP Company Profile

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.