Chesapeake Partners Management Co Incmd buys $36,692,925 stake in Office Depot Inc (ODP)

Office Depot Inc (ODP) : Chesapeake Partners Management Co Incmd scooped up 173,503 additional shares in Office Depot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 10,080,474 shares of Office Depot Inc which is valued at $36,692,925.Office Depot Inc makes up approximately 3.42% of Chesapeake Partners Management Co Incmd’s portfolio.

Other Hedge Funds, Including , Point72 Asset Management boosted its stake in ODP in the latest quarter, The investment management firm added 2,350,000 additional shares and now holds a total of 4,350,000 shares of Office Depot Inc which is valued at $15,834,000. Office Depot Inc makes up approx 0.13% of Point72 Asset Management’s portfolio.Visium Asset Management Lp reduced its stake in ODP by selling 422,030 shares or 90.48% in the most recent quarter. The Hedge Fund company now holds 44,419 shares of ODP which is valued at $161,685. Office Depot Inc makes up approx 0.02% of Visium Asset Management Lp’s portfolio.Oppenheimerfunds boosted its stake in ODP in the latest quarter, The investment management firm added 215,112 additional shares and now holds a total of 600,645 shares of Office Depot Inc which is valued at $2,186,348. Oxford Asset Management added ODP to its portfolio by purchasing 85,385 company shares during the most recent quarter which is valued at $309,948. Office Depot Inc makes up approx 0.01% of Oxford Asset Management’s portfolio.

Office Depot Inc closed down -0.06 points or -1.63% at $3.62 with 53,56,494 shares getting traded on Thursday. Post opening the session at $3.62, the shares hit an intraday low of $3.53 and an intraday high of $3.68 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Office Depot Inc reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.06. The company had revenue of $3218.00 million for the quarter, compared to analysts expectations of $3208.70 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

Office Depot Inc. is a supplier of office products and services. The Company sells products and services to consumers through three segments: North American Retail Division North American Business Solutions Division and International Division. The North American Retail Division sells an assortment of merchandise through its chain of office supply stores throughout the United States including Puerto Rico and the U.S. Virgin Islands. The North American Business Solutions Division sells office supplies technology products cleaning and breakroom supplies office furniture certain services and other solutions to customers. The International Division sells office products and services through direct mail catalogs contract sales forces Internet sites and retail stores. The Company also operates a network of distribution centers (DC) and crossdock facilities across the United States Puerto Rico and Canada.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *