Eton Park Capital Management Lowers stake in Office Depot Inc (ODP)

Office Depot Inc (ODP) : Eton Park Capital Management reduced its stake in Office Depot Inc by 31.3% during the most recent quarter end. The investment management company now holds a total of 1,580,870 shares of Office Depot Inc which is valued at $5,754,367 after selling 720,229 shares in Office Depot Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Office Depot Inc makes up approximately 0.17% of Eton Park Capital Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in ODP in the latest quarter, The investment management firm added 54,430 additional shares and now holds a total of 219,130 shares of Office Depot Inc which is valued at $797,633. Office Depot Inc makes up approx 0.04% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Harvest Management reduced its stake in ODP by selling 30,000 shares or 75.0% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of ODP which is valued at $36,400. Office Depot Inc makes up approx 0.04% of Harvest Management’s portfolio. P Schoenfeld Asset Management Lp sold out all of its stake in ODP during the most recent quarter. The investment firm sold 1,041,928 shares of ODP which is valued $3,792,618.Great West Life Assurance Co Can boosted its stake in ODP in the latest quarter, The investment management firm added 233,353 additional shares and now holds a total of 398,702 shares of Office Depot Inc which is valued at $1,387,483.Oakbrook Investments reduced its stake in ODP by selling 2,300 shares or 10.22% in the most recent quarter. The Hedge Fund company now holds 20,200 shares of ODP which is valued at $70,094.

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.

Leave a Reply

Office Depot Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Office Depot Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.