Semanteon Capital Management LP Invests $1.38 Million in The ODP Co. (NASDAQ:ODP)

Semanteon Capital Management LP purchased a new stake in The ODP Co. (NASDAQ:ODP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 60,570 shares of the specialty retailer's stock, valued at approximately $1,377,000. Semanteon Capital Management LP owned 0.20% of ODP as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in shares of ODP by 0.3% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer's stock valued at $4,713,000 after acquiring an additional 459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ODP by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer's stock valued at $2,458,000 after purchasing an additional 790 shares in the last quarter. KBC Group NV boosted its stake in ODP by 88.9% during the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer's stock worth $55,000 after purchasing an additional 868 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of ODP by 1.3% during the third quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer's stock worth $2,119,000 after buying an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ODP by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer's stock valued at $268,000 after buying an additional 1,049 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

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ODP Trading Up 1.7 %

NASDAQ ODP traded up $0.24 on Tuesday, reaching $14.65. 1,314,170 shares of the company were exchanged, compared to its average volume of 523,019. 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 business's fifty day moving average price is $19.31 and its 200 day moving average price is $24.59. The stock has a market capitalization of $436.82 million, a P/E ratio of -16.10, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55. The ODP Co. has a fifty-two week low of $13.44 and a fifty-two week high of $53.56.

ODP (NASDAQ:ODP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.14). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The firm had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.61 billion. Analysts forecast that The ODP Co. will post 3.26 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of ODP from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.

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.