Two Sigma Investments LP Invests $620,000 in The ODP Co. (NASDAQ:ODP)

Two Sigma Investments LP bought a new stake in The ODP Co. (NASDAQ:ODP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,264 shares of the specialty retailer's stock, valued at approximately $620,000. Two Sigma Investments LP owned 0.09% of ODP at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ODP. Barclays PLC lifted its stake in ODP by 114.3% in the third quarter. Barclays PLC now owns 99,671 shares of the specialty retailer's stock valued at $2,965,000 after buying an additional 53,160 shares during the period. Empowered Funds LLC raised its position in shares of ODP by 5.1% during the fourth quarter. Empowered Funds LLC now owns 194,875 shares of the specialty retailer's stock worth $4,431,000 after purchasing an additional 9,448 shares during the period. New York State Common Retirement Fund raised its position in shares of ODP by 17.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock worth $258,000 after purchasing an additional 1,700 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of ODP by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 491,587 shares of the specialty retailer's stock worth $11,179,000 after purchasing an additional 10,137 shares during the period. Finally, Inceptionr LLC acquired a new stake in shares of ODP during the fourth quarter worth about $223,000. Institutional investors and hedge funds own 99.56% of the company's stock.

ODP Stock Down 2.1%

Shares of NASDAQ ODP traded down $0.39 during mid-day trading on Wednesday, reaching $18.18. 449,431 shares of the company's stock were exchanged, compared to its average volume of 617,694. The firm has a market capitalization of $546.89 million, a price-to-earnings ratio of -19.98, a PEG ratio of 0.30 and a beta of 1.32. 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 business has a fifty day simple moving average of $15.27 and a 200 day simple moving average of $18.97. The ODP Co. has a twelve month low of $11.85 and a twelve month high of $43.31.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered ODP from a "buy" rating to a "hold" rating in a research report on Friday, June 6th.

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.