Semanteon Capital Management LP Takes $1.38 Million Position in The ODP Co. (NASDAQ:ODP)

Semanteon Capital Management LP acquired a new position in The ODP Co. (NASDAQ:ODP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 60,570 shares of the specialty retailer’s stock, valued at approximately $1,377,000. Semanteon Capital Management LP owned approximately 0.20% of ODP as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ODP. KBC Group NV raised its stake in ODP by 88.9% in the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after buying an additional 868 shares in the last quarter. GAMMA Investing LLC raised its stake in ODP by 380.1% in the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock worth $88,000 after buying an additional 3,071 shares in the last quarter. Inceptionr LLC bought a new position in ODP in the fourth quarter worth approximately $223,000. New York State Common Retirement Fund raised its stake in ODP by 17.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer’s stock worth $258,000 after buying an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in ODP by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock worth $268,000 after buying an additional 1,049 shares in the last quarter. Institutional investors own 99.56% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

ODP Price Performance

NASDAQ ODP opened at $14.79 on Friday. The firm’s fifty day simple moving average is $19.65 and its two-hundred day simple moving average is $24.87. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The ODP Co. has a 12-month low of $13.44 and a 12-month high of $53.56. The firm has a market capitalization of $440.99 million, a P/E ratio of -16.25, a P/E/G ratio of 0.30 and a beta of 1.55.

ODP (NASDAQ:ODP) last released its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.14). The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. Analysts forecast that The ODP Co. will post 3.26 EPS for the current fiscal 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.