WINTON GROUP Ltd Purchases Shares of 21,889 The ODP Co. (NASDAQ:ODP)

WINTON GROUP Ltd acquired a new position in shares of The ODP Co. (NASDAQ:ODP) during the fourth quarter, HoldingsChannel reports. The firm acquired 21,889 shares of the specialty retailer’s stock, valued at approximately $498,000.

Other large investors also recently made changes to their positions in the company. Jane Street Group LLC increased its position in ODP by 31.1% during the third quarter. Jane Street Group LLC now owns 192,184 shares of the specialty retailer’s stock worth $5,717,000 after buying an additional 45,627 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of ODP by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer’s stock worth $24,219,000 after acquiring an additional 3,041 shares during the period. Weiss Asset Management LP increased its holdings in shares of ODP by 2,219.3% during the 3rd quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock worth $16,992,000 after acquiring an additional 546,525 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 acquiring an additional 790 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 purchasing an additional 58,062 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ODP from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

ODP Trading Down 0.9 %

Shares of NASDAQ:ODP opened at $14.31 on Monday. The ODP Co. has a 12-month low of $13.44 and a 12-month high of $53.38. The business has a 50 day moving average of $18.51 and a 200-day moving average of $24.21. 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 stock has a market cap of $426.70 million, a PE ratio of -15.73, a P/E/G ratio of 0.30 and a beta of 1.55.

ODP (NASDAQ:ODP) last released its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.14). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. As a group, equities research analysts forecast that The ODP Co. will post 3.26 earnings per share 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.