Cubist Systematic Strategies LLC Acquires New Holdings in The ODP Co. (NASDAQ:ODP)

Cubist Systematic Strategies LLC acquired a new stake in The ODP Co. (NASDAQ:ODP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,621 shares of the specialty retailer's stock, valued at approximately $628,000. Cubist Systematic Strategies LLC owned about 0.09% of ODP at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in ODP by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock valued at $98,000 after acquiring an additional 1,198 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in ODP in the 4th quarter valued at about $150,000. Inceptionr LLC acquired a new stake in ODP in the 4th quarter valued at about $223,000. Walleye Capital LLC acquired a new stake in ODP in the 4th quarter valued at about $253,000. Finally, New York State Common Retirement Fund grew its stake in ODP by 17.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock valued at $258,000 after acquiring an additional 1,700 shares during the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ODP from a "hold" rating to a "buy" rating in a report on Friday, May 9th.

ODP Price Performance

NASDAQ:ODP opened at $17.99 on Friday. The firm has a market cap of $541.18 million, a price-to-earnings ratio of -19.77, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The company's 50-day moving average is $14.39 and its two-hundred day moving average is $20.38. The ODP Co. has a 12-month low of $11.85 and a 12-month high of $43.31.

ODP (NASDAQ:ODP - Get Free Report) last released its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.41. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The firm's quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Research analysts expect that The ODP Co. will post 3.26 EPS for the current year.

ODP 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.

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