XTX Topco Ltd acquired a new stake in The ODP Corporation (NASDAQ:ODP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 57,244 shares of the specialty retailer's stock, valued at approximately $820,000. XTX Topco Ltd owned approximately 0.19% of ODP at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Neuberger Berman Group LLC boosted its stake in shares of ODP by 0.5% in the fourth quarter. Neuberger Berman Group LLC now owns 911,604 shares of the specialty retailer's stock valued at $20,697,000 after purchasing an additional 4,569 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of ODP by 28.2% during the first quarter. Allianz Asset Management GmbH now owns 821,669 shares of the specialty retailer's stock valued at $11,775,000 after acquiring an additional 180,758 shares during the period. D. E. Shaw & Co. Inc. grew its stake in shares of ODP by 105.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer's stock worth $17,921,000 after acquiring an additional 404,041 shares in the last quarter. Atlas FRM LLC bought a new position in shares of ODP during the fourth quarter worth approximately $17,856,000. Finally, Northern Trust Corp lifted its position in shares of ODP by 13.0% in the 4th quarter. Northern Trust Corp now owns 600,027 shares of the specialty retailer's stock worth $13,645,000 after purchasing an additional 69,198 shares during the period. 99.56% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently weighed in on ODP. Wall Street Zen downgraded shares of ODP from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. UBS Group raised their target price on shares of ODP from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday.
Check Out Our Latest Report on ODP
ODP Stock Up 1.6%
NASDAQ:ODP traded up $0.31 during trading hours on Thursday, hitting $19.52. The stock had a trading volume of 281,644 shares, compared to its average volume of 613,798. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.32. The business has a 50 day simple moving average of $17.95 and a two-hundred day simple moving average of $17.11. The company has a market cap of $587.04 million, a PE ratio of -14.08, a price-to-earnings-growth ratio of 0.41 and a beta of 1.38. The ODP Corporation has a 1-year low of $11.85 and a 1-year high of $32.21.
ODP (NASDAQ:ODP - Get Free Report) last released its earnings results on Wednesday, August 6th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.59 billion. ODP had a negative net margin of 0.69% and a positive return on equity of 11.50%. The business's revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. Analysts predict that The ODP Corporation will post 3.26 EPS for the current year.
About ODP
(
Free Report)
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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