Oldfield Partners Llp Exits Position in Staples (SPLS)

Staples (SPLS) : Oldfield Partners Llp has sold out all of its stake in Staples during the most recent quarter, according to the disclosure filed by the company on Aug 10, 2016 with the SEC. The investment management company has sold out 12,410,200 shares of Staples which is valued at $114,049,738.

Other Hedge Funds, Including , Dekabank Deutsche Girozentrale boosted its stake in SPLS in the latest quarter, The investment management firm added 106,944 additional shares and now holds a total of 510,278 shares of Staples which is valued at $4,684,352. Staples makes up approx 0.05% of Dekabank Deutsche Girozentrale’s portfolio. Quantbot Technologies Lp added SPLS to its portfolio by purchasing 36,812 company shares during the most recent quarter which is valued at $330,940. Staples makes up approx 0.03% of Quantbot Technologies Lp’s portfolio. Rdl Financial Inc sold out all of its stake in SPLS during the most recent quarter. The investment firm sold 10,629 shares of SPLS which is valued $95,555.Louisiana State Employees Retirement System reduced its stake in SPLS by selling 800 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 42,400 shares of SPLS which is valued at $392,200. Staples makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.

Staples closed down -0.06 points or -0.71% at $8.42 with 58,85,890 shares getting traded on Friday. Post opening the session at $8.41, the shares hit an intraday low of $8.35 and an intraday high of $8.46 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Staples reported $0.12 EPS for the quarter, based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus estimate of $0.12. The company had revenue of $4752.00 million for the quarter, compared to analysts expectations of $4762.00 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Staples. Staples was Upgraded by BofA/Merrill to ” Buy” on May 23, 2016.

Staples Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products such as Websites and mobile platforms retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and Staples.com businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses including Staples Advantage and Quill.com. The International Operations segment consists of businesses in around 23 countries in Europe Australia South America and Asia. It serves businesses in North America Europe Australia South America and Asia. Its delivery business offers online order placing.

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