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

Jane Street Group LLC increased its position in shares of The ODP Co. (NASDAQ:ODP) by 31.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,184 shares of the specialty retailer’s stock after buying an additional 45,627 shares during the period. Jane Street Group LLC owned about 0.64% of ODP worth $5,717,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ODP. DME Capital Management LP increased its position in shares of ODP by 29.9% during the second quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock worth $87,276,000 after acquiring an additional 511,890 shares during the last quarter. State Street Corp grew its stake in ODP by 5.0% during the 3rd quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer’s stock valued at $45,896,000 after purchasing an additional 74,015 shares in the last quarter. American Century Companies Inc. increased its holdings in ODP by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock worth $32,707,000 after purchasing an additional 136,730 shares during the last quarter. Weiss Asset Management LP raised its position in shares of ODP by 2,219.3% in the 3rd quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock valued at $16,992,000 after purchasing an additional 546,525 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of ODP by 13.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock valued at $14,323,000 after buying an additional 58,062 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Price Performance

Shares of ODP opened at $27.57 on Monday. 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 firm has a market cap of $830.35 million, a price-to-earnings ratio of -30.30, a PEG ratio of 0.62 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 has a 50 day moving average of $28.40 and a 200-day moving average of $32.39.

ODP (NASDAQ:ODP) last released its earnings results 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). The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 EPS. As a group, analysts forecast that The ODP Co. will post 3.26 EPS for the current year.

Wall Street Analyst Weigh In

ODP has been the topic of several recent analyst reports. StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. UBS Group reduced their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th.

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.