The ODP Co. (NASDAQ:ODP) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 456.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,922 shares of the specialty retailer's stock after purchasing an additional 39,313 shares during the quarter. Intech Investment Management LLC owned approximately 0.14% of ODP worth $1,426,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CWM LLC lifted its stake in ODP by 81.3% in the second quarter. CWM LLC now owns 941 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 422 shares during the period. Quarry LP lifted its stake in ODP by 170.3% in the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer's stock worth $43,000 after acquiring an additional 688 shares during the period. Innealta Capital LLC purchased a new stake in ODP in the second quarter worth about $68,000. KBC Group NV lifted its stake in ODP by 88.9% in the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer's stock worth $55,000 after acquiring an additional 868 shares during the period. Finally, Gladius Capital Management LP lifted its stake in ODP by 227.8% in the second quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer's stock worth $86,000 after acquiring an additional 1,515 shares during the period. 99.56% of the stock is owned by hedge funds and other institutional investors.

ODP Stock Down 2.9 %

Shares of ODP traded down $0.77 during mid-day trading on Tuesday, hitting $26.17. 461,964 shares of the company traded hands, compared to its average volume of 468,792. The ODP Co. has a 1-year low of $23.69 and a 1-year high of $58.98. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $788.19 million, a PE ratio of -28.78, a price-to-earnings-growth ratio of 0.60 and a beta of 1.48. The business has a 50 day moving average of $29.21 and a 200 day moving average of $33.72.

ODP (NASDAQ:ODP - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.89). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $1.88 EPS. The business's revenue was down 11.3% compared to the same quarter last year. Equities research analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ODP. StockNews.com raised shares of ODP from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. UBS Group decreased their price target on shares of ODP from $30.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th.

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.