The ODP Co. (NASDAQ:ODP) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its position in shares of The ODP Co. (NASDAQ:ODP) by 31.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,184 shares of the specialty retailer’s stock after acquiring an additional 45,627 shares during the quarter. Jane Street Group LLC’s holdings in ODP were worth $5,717,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ODP. DME Capital Management LP lifted its position in ODP by 29.9% in the 2nd quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock valued at $87,276,000 after purchasing an additional 511,890 shares during the last quarter. State Street Corp raised its holdings in shares of ODP by 5.0% during the third quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer’s stock valued at $45,896,000 after buying an additional 74,015 shares during the last quarter. American Century Companies Inc. boosted its position in shares of ODP by 19.6% during the second quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock worth $32,707,000 after buying an additional 136,730 shares during the period. Weiss Asset Management LP grew its holdings in ODP by 2,219.3% in the 3rd quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock worth $16,992,000 after buying an additional 546,525 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in ODP by 13.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock valued at $14,323,000 after acquiring an additional 58,062 shares during the period. Institutional investors own 99.56% of the company’s stock.

ODP Price Performance

NASDAQ ODP opened at $27.57 on Monday. The ODP Co. has a 12 month low of $23.69 and a 12 month high of $58.98. The firm has a market capitalization of $830.35 million, a PE ratio of -30.30, a P/E/G ratio of 0.62 and a beta of 1.40. The company’s 50 day simple moving average is $28.40 and its 200 day simple moving average is $32.39. 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 issued its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.89). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 earnings per share. As a group, equities research analysts forecast that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About ODP

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.