Macquarie Group Ltd. Has $1.11 Million Stock Position in The ODP Co. (NASDAQ:ODP)

Macquarie Group Ltd. cut its stake in The ODP Co. (NASDAQ:ODP – Get Rating) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,527 shares of the specialty retailer’s stock after selling 989 shares during the quarter. Macquarie Group Ltd. owned 0.07% of ODP worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of ODP by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,146,009 shares of the specialty retailer’s stock worth $110,583,000 after purchasing an additional 45,251 shares during the last quarter. LSV Asset Management raised its stake in shares of ODP by 4.6% in the third quarter. LSV Asset Management now owns 1,987,690 shares of the specialty retailer’s stock worth $69,867,000 after purchasing an additional 87,713 shares during the last quarter. Greenlight Capital Inc. raised its stake in shares of ODP by 20.5% in the second quarter. Greenlight Capital Inc. now owns 1,692,760 shares of the specialty retailer’s stock worth $51,189,000 after purchasing an additional 287,670 shares during the last quarter. Kite Lake Capital Management UK LLP raised its stake in shares of ODP by 2.1% in the second quarter. Kite Lake Capital Management UK LLP now owns 1,035,501 shares of the specialty retailer’s stock worth $31,314,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Cannell Capital LLC raised its stake in shares of ODP by 3.4% in the first quarter. Cannell Capital LLC now owns 683,827 shares of the specialty retailer’s stock worth $31,340,000 after purchasing an additional 22,693 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Kevin Moffitt sold 23,488 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $50.74, for a total value of $1,191,781.12. Following the completion of the transaction, the executive vice president now directly owns 50,459 shares of the company’s stock, valued at $2,560,289.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

ODP Stock Performance

Shares of ODP stock opened at $47.67 on Friday. The company has a market cap of $1.92 billion, a PE ratio of 14.27 and a beta of 1.83. The company has a quick ratio of 0.58, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $49.86 and a 200-day moving average price of $43.96. The ODP Co. has a 52 week low of $28.85 and a 52 week high of $53.59.

ODP (NASDAQ:ODP – Get Rating) last released its earnings results on Wednesday, March 1st. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.14 billion. ODP had a return on equity of 14.92% and a net margin of 1.96%. ODP’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities analysts anticipate that The ODP Co. will post 4.8 earnings per share for the current fiscal year.

About ODP

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The ODP Corp. operates as a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the Business Solutions Division and Retail Division segments. The Business Solutions Division segment offers nationally branded and the company’s private branded office supply and adjacency products and services.