SG Americas Securities LLC Has $2.11 Million Position in The ODP Co. (NASDAQ:ODP)

SG Americas Securities LLC lessened its holdings in The ODP Co. (NASDAQ:ODP - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,533 shares of the specialty retailer's stock after selling 27,471 shares during the period. SG Americas Securities LLC owned approximately 0.10% of ODP worth $2,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Bessemer Group Inc. purchased a new stake in shares of ODP in the 2nd quarter valued at $30,000. Gladius Capital Management LP raised its holdings in shares of ODP by 94.6% in the 3rd quarter. Gladius Capital Management LP now owns 722 shares of the specialty retailer's stock valued at $33,000 after buying an additional 351 shares during the period. First Capital Advisors Group LLC. purchased a new stake in shares of ODP in the 2nd quarter valued at $33,000. Headlands Technologies LLC purchased a new stake in shares of ODP in the 3rd quarter valued at $34,000. Finally, Point72 Asset Management L.P. purchased a new stake in ODP during the 2nd quarter worth about $42,000. Institutional investors and hedge funds own 99.56% of the company's stock.

Insider Activity at ODP

In related news, CFO Diego Anthony Scaglione sold 25,000 shares of the company's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $55.00, for a total value of $1,375,000.00. Following the completion of the sale, the chief financial officer now directly owns 96,104 shares of the company's stock, valued at approximately $5,285,720. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.60% of the company's stock.

ODP Stock Up 1.2 %

Shares of ODP traded up $0.64 during mid-day trading on Thursday, reaching $53.05. The company's stock had a trading volume of 325,667 shares, compared to its average volume of 308,927. The ODP Co. has a 12-month low of $39.36 and a 12-month high of $58.98. The stock has a market cap of $1.94 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.65 and a beta of 1.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.54. The company's 50 day moving average is $52.37 and its 200 day moving average is $49.66.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.16. ODP had a return on equity of 19.45% and a net margin of 1.77%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business's revenue for the quarter was down 14.2% on a year-over-year basis. Equities analysts anticipate that The ODP Co. will post 5.71 EPS for the current fiscal year.

ODP announced that its board has authorized a share repurchase program on Wednesday, February 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 48.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ODP shares. TheStreet downgraded ODP from a "b-" rating to a "c+" rating in a report on Wednesday, February 28th. StockNews.com upgraded ODP from a "hold" rating to a "buy" rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, ODP presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

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.