AlphaQuest LLC Makes New $41,000 Investment in The ODP Corporation $ODP

AlphaQuest LLC bought a new position in shares of The ODP Corporation (NASDAQ:ODP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,865 shares of the specialty retailer’s stock, valued at approximately $41,000.

A number of other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in ODP by 1.5% during the 1st quarter. American Century Companies Inc. now owns 1,028,782 shares of the specialty retailer’s stock worth $14,742,000 after acquiring an additional 15,560 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of ODP by 2.1% in the 1st quarter. Neuberger Berman Group LLC now owns 931,156 shares of the specialty retailer’s stock valued at $13,358,000 after buying an additional 19,552 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of ODP by 28.2% in the 1st quarter. Allianz Asset Management GmbH now owns 821,669 shares of the specialty retailer’s stock valued at $11,775,000 after buying an additional 180,758 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of ODP by 105.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer’s stock valued at $17,921,000 after buying an additional 404,041 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of ODP by 25.4% in the 1st quarter. Invesco Ltd. now owns 706,511 shares of the specialty retailer’s stock valued at $10,124,000 after buying an additional 143,291 shares during the period. Institutional investors and hedge funds own 99.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ODP shares. UBS Group boosted their price target on shares of ODP from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Wall Street Zen lowered shares of ODP from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, ODP presently has an average rating of “Hold” and an average price target of $19.00.

ODP Trading Up 0.7%

ODP opened at $21.31 on Friday. The stock has a market capitalization of $641.00 million, a P/E ratio of 32.29, a P/E/G ratio of 0.52 and a beta of 1.40. The ODP Corporation has a 12 month low of $11.85 and a 12 month high of $32.21. The firm’s fifty day simple moving average is $19.22 and its 200 day simple moving average is $16.88. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.30.

ODP (NASDAQ:ODP) last posted its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.59 billion. ODP had a net margin of 0.39% and a return on equity of 11.22%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. As a group, research analysts anticipate that The ODP Corporation will post 3.26 EPS for the current fiscal year.

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.