Harbor Capital Advisors Inc. Purchases 45,155 Shares of The ODP Co. (NASDAQ:ODP)

Harbor Capital Advisors Inc. lifted its position in The ODP Co. (NASDAQ:ODP - Free Report) by 124.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,544 shares of the specialty retailer's stock after purchasing an additional 45,155 shares during the period. Harbor Capital Advisors Inc. owned 0.24% of ODP worth $2,426,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ODP. CWM LLC lifted its holdings in shares of ODP by 81.3% in the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer's stock valued at $37,000 after buying an additional 422 shares during the period. Quarry LP lifted its stake in ODP by 170.3% in the 2nd quarter. Quarry LP now owns 1,092 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 688 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of ODP during the 2nd quarter worth approximately $68,000. Gladius Capital Management LP boosted its holdings in ODP by 227.8% in the 2nd quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer's stock valued at $86,000 after purchasing an additional 1,515 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ODP during the 3rd quarter worth $104,000. Institutional investors own 99.56% of the company's stock.

Insider Buying and Selling at ODP

In other ODP news, Director Wendy Lee Schoppert bought 3,875 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $25.77 per share, with a total value of $99,858.75. Following the acquisition, the director now directly owns 3,875 shares of the company's stock, valued at $99,858.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ODP shares. UBS Group dropped their price objective on ODP from $53.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. StockNews.com cut shares of ODP from a "buy" rating to a "hold" rating in a research note on Thursday, August 8th.

ODP Trading Down 0.2 %

Shares of ODP stock traded down $0.05 during mid-day trading on Tuesday, reaching $31.11. The company's stock had a trading volume of 947,067 shares, compared to its average volume of 456,722. The company's 50 day simple moving average is $29.96 and its 200-day simple moving average is $36.20. The firm has a market capitalization of $1.04 billion, a PE ratio of -36.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.48. The company has a quick ratio of 0.43, a current ratio of 0.90 and a debt-to-equity ratio of 0.19. The ODP Co. has a 12-month low of $23.69 and a 12-month high of $58.98.

ODP (NASDAQ:ODP - Get Free Report) last issued its earnings results on Wednesday, August 7th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.64). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.76 billion. ODP had a positive return on equity of 15.93% and a negative net margin of 0.34%. The business's revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. On average, research analysts predict that The ODP Co. will post 4.29 EPS for the current fiscal year.

About ODP

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.