Big Money Are Betting On Office Depot Inc (NASDAQ:ODP), Sentiment at 0.97

May 3, 2018 - By Gregory Tomko

Office Depot, Inc. (NASDAQ:ODP) Corporate Logo

Office Depot Inc’s Sentiment

In Q4 2017 Office Depot Inc (NASDAQ:ODP) big money sentiment increased to 0.97, according to SEC filings. That’s up 0.10, from 2017Q3’s 0.87. 111 active investment managers started new and increased positions, while 114 sold and reduced positions in Office Depot Inc so the sentiment has improved. Funds own 486.57 million shares, up from 461.44 million shares in 2017Q3. Funds holding Office Depot Inc in top 10 changed to 2 from 1 for an increase of 1. In total 32 funds closed positions, 82 reduced and 71 increased. Also 40 funds bought new Office Depot Inc stakes.

Largest Office Depot Inc Shareholders

As of Q4 2017 Aristotle Fund L.P. has 14.16% invested in Office Depot Inc. Office Depot Inc’s shareholder Lee Thomas H Partners Lp owns 42.50 million shares as of Q4 2017. Fairpointe Capital Llc reported 31.12 million shares. Glenhill Advisors Llc revealed 7.00 million shares position in Office Depot Inc. The New York-based fund Adirondack Research & Management Inc. looks positive on Office Depot Inc, possessing 772,414 shares.

Office Depot, Inc., together with its subsidiaries, supplies office services and products in North America.The firm is worth $1.28 billion. The firm operates in two divisions, North American Retail and North American Business Solutions.6.9 is the P/E ratio. It offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture, as well as copy and print services.

ODP is reaching $2.31 during the last trading session, after decreased 0.43%.Currently Office Depot, Inc. is downtrending after 52.71% change in last May 3, 2017. ODP has also 3.47 million shares volume. ODP underperformed the S&P500 by 64.26%.

On May, 8. Investors expect Office Depot, Inc. (NASDAQ:ODP) to publish its quarterly earnings, according to Faxor. Analysts predict $0.11 EPS. That’s $0.05 down or 31.25 % from 2017’s earnings of $0.16. ODP’s profit could be $61.14 million with 5.25 P/E in case $0.11 EPS is reported. Wall Street predicts 37.50 % EPS growth as of May, 8.

Cipher Cap Lp accumulated 594,298 shs. First Quadrant Lp Ca holds 75,551 shs. James Invest Research holds 0.07% of its capital in Office Depot, Inc. (NASDAQ:ODP) for 591,425 shs. The New York-based Gotham Asset Mngmt Limited Liability Company has invested 0.03% in Office Depot, Inc. (NASDAQ:ODP). Paragon Capital Mgmt Limited, Colorado-based fund reported 55,888 shs. Bancorporation Of Montreal Can accumulated 30,205 shs or 0% of the stock. Acadian Asset Mgmt Ltd Com reported 0% stake. The Mississippi-based Hancock Hldgs has invested 0.05% in Office Depot, Inc. (NASDAQ:ODP). First Manhattan has invested 0% in Office Depot, Inc. (NASDAQ:ODP). Barclays Public Limited reported 1.72 million shs stake. 1.29 million are owned by Legal General Public Limited Co. Ubs Asset Americas owns 628,712 shs for 0% of their capital. Group One Trading L P, Illinois-based fund reported 97,917 shs. Meeder Asset Mgmt accumulated 14,846 shs. World Asset Mgmt has invested 0% in Office Depot, Inc. (NASDAQ:ODP).

Office Depot, Inc. had 1 sale and 0 insider purchases since January 5, 2018. This’s net activity of $4,637.

Office Depot, Inc. (NASDAQ:ODP) Institutional Investors Chart

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