Headlands Technologies LLC Takes Position in The ODP Co. (NASDAQ:ODP)

Headlands Technologies LLC bought a new position in The ODP Co. (NASDAQ:ODP) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 4,166 shares of the specialty retailer’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ODP. Susquehanna Fundamental Investments LLC bought a new stake in shares of ODP during the 1st quarter valued at $218,000. Illinois Municipal Retirement Fund raised its holdings in ODP by 4.3% during the first quarter. Illinois Municipal Retirement Fund now owns 20,745 shares of the specialty retailer’s stock valued at $1,101,000 after acquiring an additional 853 shares during the period. Empowered Funds LLC lifted its position in shares of ODP by 8.1% in the first quarter. Empowered Funds LLC now owns 163,447 shares of the specialty retailer’s stock valued at $8,671,000 after acquiring an additional 12,262 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of ODP by 60.0% in the first quarter. Quantbot Technologies LP now owns 21,695 shares of the specialty retailer’s stock worth $1,151,000 after acquiring an additional 8,135 shares during the period. Finally, Duality Advisers LP grew its position in shares of ODP by 189.0% during the first quarter. Duality Advisers LP now owns 26,269 shares of the specialty retailer’s stock worth $1,394,000 after purchasing an additional 17,179 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

ODP Price Performance

NASDAQ ODP traded up $1.44 on Tuesday, reaching $41.55. The company had a trading volume of 305,063 shares, compared to its average volume of 408,145. The stock has a market capitalization of $1.49 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59. The firm’s 50 day moving average price is $39.67 and its 200 day moving average price is $47.68. The company has a quick ratio of 0.49, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The ODP Co. has a 12 month low of $36.63 and a 12 month high of $58.98.

ODP (NASDAQ:ODP) last announced its quarterly earnings results on Wednesday, May 8th. The specialty retailer reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.59). ODP had a return on equity of 16.67% and a net margin of 1.08%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. As a group, equities analysts predict that The ODP Co. will post 6.4 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.