Exchange Traded Concepts LLC Buys Shares of 10,421 The ODP Co. (NASDAQ:ODP)

Exchange Traded Concepts LLC purchased a new position in shares of The ODP Co. (NASDAQ:ODP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,421 shares of the specialty retailer’s stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CWM LLC increased its position in ODP by 81.3% during the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock worth $37,000 after buying an additional 422 shares during the last quarter. Quarry LP increased its holdings in shares of ODP by 170.3% during the 2nd quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 688 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of ODP during the 2nd quarter valued at about $68,000. Gladius Capital Management LP boosted its position in ODP by 227.8% during the second quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock worth $86,000 after purchasing an additional 1,515 shares during the period. Finally, SG Americas Securities LLC acquired a new position in ODP during the third quarter valued at approximately $104,000. Institutional investors own 99.56% of the company’s stock.

Wall Street Analyst Weigh In

ODP has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of ODP from $53.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. StockNews.com lowered shares of ODP from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Insider Buying and Selling

In other news, Director Wendy Lee Schoppert acquired 3,875 shares of ODP stock in a transaction on Friday, August 9th. The stock was bought at an average price of $25.77 per share, for a total transaction of $99,858.75. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at $99,858.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.60% of the stock is owned by company insiders.

ODP Stock Performance

Shares of NASDAQ ODP opened at $31.36 on Friday. The ODP Co. has a 12 month low of $23.69 and a 12 month high of $58.98. The company has a quick ratio of 0.43, a current ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.13 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.50 and a beta of 1.50. The business’s 50 day moving average is $29.31 and its two-hundred day moving average is $37.80.

ODP (NASDAQ:ODP) last released its earnings results on Wednesday, August 7th. The specialty retailer reported $0.56 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.64). ODP had a negative net margin of 0.34% and a positive return on equity of 15.93%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. ODP’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities analysts expect that The ODP Co. will post 4.29 EPS for the current 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.