Jane Street Group LLC Raises Stock Position in The ODP Co. (NASDAQ:ODP)

Jane Street Group LLC increased its position in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 31.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 192,184 shares of the specialty retailer's stock after acquiring an additional 45,627 shares during the period. Jane Street Group LLC owned approximately 0.64% of ODP worth $5,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Weiss Asset Management LP grew its holdings in shares of ODP by 2,219.3% during the third quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer's stock worth $16,992,000 after purchasing an additional 546,525 shares in the last quarter. DME Capital Management LP grew its stake in ODP by 29.9% in the 2nd quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer's stock worth $87,276,000 after buying an additional 511,890 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of ODP by 106.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 330,177 shares of the specialty retailer's stock worth $12,966,000 after buying an additional 170,149 shares during the last quarter. American Century Companies Inc. raised its position in shares of ODP by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer's stock valued at $32,707,000 after buying an additional 136,730 shares in the last quarter. Finally, Mork Capital Management LLC grew its position in ODP by 150.0% in the third quarter. Mork Capital Management LLC now owns 125,000 shares of the specialty retailer's stock worth $3,719,000 after acquiring an additional 75,000 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ODP Trading Down 4.2 %

Shares of ODP traded down $1.16 during trading hours on Monday, hitting $26.41. The company had a trading volume of 682,022 shares, compared to its average volume of 472,679. The firm has a market cap of $795.47 million, a P/E ratio of -29.02, a P/E/G ratio of 0.60 and a beta of 1.40. The ODP Co. has a 52-week low of $23.69 and a 52-week high of $58.98. The stock's 50 day moving average price is $28.32 and its 200 day moving average price is $32.31. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The business's revenue for the quarter was down 11.3% compared to the same quarter last year. On average, research analysts predict that The ODP Co. will post 3.26 EPS for the current year.

ODP 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.