D. E. Shaw & Co. Inc. Raises Stake in The ODP Co. (NASDAQ:ODP)

D. E. Shaw & Co. Inc. lifted its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 105.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 788,084 shares of the specialty retailer's stock after buying an additional 404,041 shares during the period. D. E. Shaw & Co. Inc. owned about 2.62% of ODP worth $17,921,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in ODP by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after buying an additional 1,198 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of ODP in the 4th quarter valued at $150,000. Inceptionr LLC bought a new stake in ODP in the fourth quarter valued at $223,000. Walleye Capital LLC bought a new stake in ODP in the 4th quarter valued at about $253,000. Finally, 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. 99.56% of the stock is owned by institutional investors and hedge funds.

ODP Stock Performance

Shares of NASDAQ:ODP traded up $0.23 during midday trading on Friday, reaching $18.22. The company had a trading volume of 466,095 shares, compared to its average volume of 621,530. The stock has a market cap of $548.09 million, a P/E ratio of -20.02, a P/E/G 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 ODP Co. has a 52-week low of $11.85 and a 52-week high of $43.31. The company's 50 day moving average price is $14.39 and its 200 day moving average price is $20.38.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised ODP from a "hold" rating to a "buy" rating in a research report 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.