Hotchkis & Wiley Capital Management Llc Now Owns 51,470,752 Shares In Office Depot, Inc. (ODP)

Office Depot, Inc. (NASDAQ:ODP) is at least 23.5% than its current record low price of $2.00. There was a 4.66% gain on 06/01/2018 that led the price to move at $2.47. At recent session, the prices were hovering between $2.36 and $2.48. This company shares are 9.72% off its target price of $2.71 and the current market capitalization stands at $1.37B. The recent change has given its price a 10.91% lead over SMA 50 and -60.51% deficit over its 52-week high. The stock witnessed 6.93% gains, -1.59% declines and -26.71% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ODP’s volatility during a week at 3.77% and during a month it has been found around 5.48%.

Office Depot, Inc. (ODP) Top Holders

Institutional investors currently hold around $1.27 billion or 93.7% in ODP stock. Look at its top three institutional owners. Blackrock Inc. owns $134.03 million in Office Depot, Inc., which represents roughly 9.78% of the company’s market cap and approximately 10.57% of the institutional ownership. Similar statistics are true for the second largest owner, Hotchkis & Wiley Capital Management Llc, which owns 51,470,752 shares of the stock are valued at $127.13 million. The third largest holder is Vanguard Group Inc, which currently holds $109.14 million worth of this stock and that ownership represents nearly 7.97% of its market capitalization.

Office Depot, Inc. 13F Filings

At the end of 03/31/2018 reporting period, 124 institutional holders increased their position in Office Depot, Inc. (NASDAQ:ODP) by some 41,753,071 shares, 135 decreased positions by 42,197,962 and 39 held positions by 429,545,265. That puts total institutional holdings at 513,496,298 shares, according to SEC filings. The stock grabbed 31 new institutional investments totaling 15,732,274 shares while 48 institutional investors sold out their entire positions totaling 11,774,597 shares.

Office Depot, Inc. (NASDAQ:ODP) Insider Trades

Multiple company employees have indulged in significant insider trading. Office Depot, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & CFO Lower Joseph T has acquired 20,000 shares of Office Depot, Inc. (ODP) in trading session dated May. 30, 2018. These shares are worth $47,800 and were traded at $2.39 each. The SEC filing shows that Rabinovitch Michael performed a sale of 1,352 shares. The Sr Vice President & Controller disposed these shares by way of transaction on Jan. 08, 2018. The company’s shares were given away at $3.43 per share worth to an income of some $4,637 on account of Rabinovitch Michael.

Chief Administrative Officer, Allison Michael R, sold 360,000 common shares of Office Depot, Inc. (ODP) in the open market. In a transaction dated Oct. 13, 2017, the shares were put up for sale at an average price of $3.83, raking in a sum of $1,378,800. After this sale, 337,474 common shares of ODP are directly owned by the insider, with total stake valued at $833,561.

In the transaction dated May. 16, 2017, the great number of shares disposed came courtesy the Chief Administrative Officer; Allison Michael R disposed a total of 66,217 shares at an average price of $5.08, amounting to approximately $336,382. The insider now directly owns 697,474 shares worth $1,722,761.

Office Depot, Inc. (ODP) Analyst Guide

Several analysts have released their opinion on Office Depot, Inc. (NASDAQ:ODP), with 1 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

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