D. E. Shaw & Co. Inc. Buys 404,041 Shares of The ODP Co. (NASDAQ:ODP)

D. E. Shaw & Co. Inc. increased its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 105.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 788,084 shares of the specialty retailer's stock after purchasing an additional 404,041 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 2.62% of ODP worth $17,921,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ODP. Tower Research Capital LLC TRC raised its position in shares of ODP by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock valued at $98,000 after purchasing an additional 1,198 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in ODP during the fourth quarter worth about $150,000. Inceptionr LLC acquired a new stake in shares of ODP in the 4th quarter valued at approximately $223,000. Walleye Capital LLC acquired a new stake in shares of ODP in the 4th quarter valued at approximately $253,000. Finally, New York State Common Retirement Fund boosted its stake in shares of 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 purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company's stock.

ODP Trading Up 1.3%

Shares of NASDAQ:ODP traded up $0.23 during mid-day trading on Friday, hitting $18.22. The company had a trading volume of 466,095 shares, compared to its average volume of 623,612. The firm has a fifty day moving average price of $14.43 and a 200 day moving average price of $20.14. The company has a market capitalization of $548.09 million, a PE ratio of -20.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The ODP Co. has a one year low of $11.85 and a one year high of $43.31.

ODP (NASDAQ:ODP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.41. The business had revenue of $1.70 billion during 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%. ODP's quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 EPS. As a group, research analysts forecast that The ODP Co. will post 3.26 EPS for the current year.

Wall Street Analyst Weigh In

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

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.