XTX Topco Ltd Invests $621,000 in The ODP Co. (NASDAQ:ODP)

XTX Topco Ltd purchased a new stake in The ODP Co. (NASDAQ:ODP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,804 shares of the specialty retailer’s stock, valued at approximately $621,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in ODP by 81.3% in the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 422 shares during the last quarter. Quest Partners LLC purchased a new stake in ODP in the fourth quarter valued at approximately $63,000. Innealta Capital LLC purchased a new stake in ODP in the second quarter valued at approximately $68,000. Gladius Capital Management LP lifted its stake in ODP by 227.8% in the second quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock valued at $86,000 after buying an additional 1,515 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in ODP in the second quarter valued at approximately $164,000. 99.56% of the stock is owned by institutional investors and hedge funds.

ODP Stock Up 1.5 %

ODP stock opened at $29.06 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 0.90. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51. The ODP Co. has a fifty-two week low of $23.69 and a fifty-two week high of $58.98. The stock’s fifty day moving average is $32.58 and its two-hundred day moving average is $40.60.

ODP (NASDAQ:ODP) last posted its earnings results on Wednesday, August 7th. The specialty retailer reported $0.56 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.64). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.76 billion. ODP had a negative net margin of 0.34% and a positive return on equity of 15.93%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. Analysts predict that The ODP Co. will post 4.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com cut ODP from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. UBS Group cut their price target on ODP from $53.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th.

Insider Buying and Selling at ODP

In related news, Director Wendy Lee Schoppert acquired 3,875 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $25.77 per share, with a total value of $99,858.75. Following the completion of the purchase, the director now directly owns 3,875 shares in the company, valued at $99,858.75. The purchase was disclosed in a document filed with the SEC, which is available through this link. 3.60% of the stock is owned by corporate insiders.

About ODP

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.