Sg Americas Securities Llc Increased Office Depot Inc Com (NASDAQ:ODP) Stake by $17.49 Million

August 12, 2018 - By Mary Markley

Office Depot, Inc. (NASDAQ:ODP) LogoInvestors sentiment increased to 0.99 in Q1 2018. Its up 0.02, from 0.97 in 2017Q4. It improved, as 34 investors sold ODP shares while 69 reduced holdings. 28 funds opened positions while 74 raised stakes. 483.71 million shares or 0.59% less from 486.57 million shares in 2017Q4 were reported. Vident Investment Advisory Limited Liability owns 0.04% invested in Office Depot, Inc. (NASDAQ:ODP) for 517,764 shares. Cibc Asset Mngmt holds 0% or 17,255 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp accumulated 159,996 shares. Community Comml Bank Na reported 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP). Mason Street Advisors Ltd Company owns 258,591 shares for 0.01% of their portfolio. Putnam Fl Invest Mngmt owns 11,500 shares. New Mexico Educational Retirement Board, a New Mexico-based fund reported 141,900 shares. Natl Bank Of Ny Mellon Corporation owns 0.01% invested in Office Depot, Inc. (NASDAQ:ODP) for 9.87 million shares. Greenwich Wealth Management Lc invested in 16,182 shares or 0.01% of the stock. Schwab Charles Invest accumulated 3.57M shares. Aqr Mngmt Llc holds 0.03% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 12.53M shares. Moreover, Blackrock has 0.01% invested in Office Depot, Inc. (NASDAQ:ODP). Css Il holds 0.01% or 57,257 shares in its portfolio. 185,100 were accumulated by State Treasurer State Of Michigan. Jacobs Levy Equity Mngmt holds 0.07% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 1.83 million shares.

Since May 30, 2018, it had 3 insider buys, and 0 sales for $221,620 activity. $23,941 worth of Office Depot, Inc. (NASDAQ:ODP) shares were bought by TRAVIS NIGEL. VASSALLUZZO JOSEPH had bought 58,800 shares worth $149,881 on Monday, June 4.

Sg Americas Securities Llc increased its stake in Office Depot Inc Com (NASDAQ:ODP) by 556.98% based on its latest 2018Q2 regulatory filing with the SEC. Sg Americas Securities Llc bought 8.75 million shares as the company’s stock declined 21.48% with the market. The institutional investor held 10.32M shares of the consumer services company at the end of 2018Q2, valued at $26.31 million, up from 1.57 million at the end of the previous reported quarter. Sg Americas Securities Llc who had been investing in Office Depot Inc Com for a number of months, seems to be bullish on the $1.66B market cap company. The stock decreased 1.32% or $0.04 during the last trading session, reaching $2.99. About 3.29M shares traded. Office Depot, Inc. (NASDAQ:ODP) has declined 53.57% since August 13, 2017 and is downtrending. It has underperformed by 66.14% the S&P500.

Sg Americas Securities Llc, which manages about $11.10B US Long portfolio, decreased its stake in Accenture Plc Ireland Shs Class A (NYSE:ACN) by 89,681 shares to 16,512 shares, valued at $2.70 million in 2018Q2, according to the filing. It also reduced its holding in Lam Research Corp Com (NASDAQ:LRCX) by 66,368 shares in the quarter, leaving it with 31,118 shares, and cut its stake in 3M Co Com (NYSE:MMM).

Office Depot, Inc., together with its subsidiaries, supplies office services and products in North America. The company has market cap of $1.66 billion. The firm operates in two divisions, North American Retail and North American Business Solutions. It has a 15.49 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.

More news for Office Depot, Inc. (NASDAQ:ODP) were recently published by: 247Wallst.com, which released: “How Office Depot’s Newest Acquisition Plays Into Q2 Earnings” on August 07, 2018. Fool.com‘s article titled: “Why Tesla, Hertz Global Holdings, and Office Depot Jumped Today” and published on August 07, 2018 is yet another important article.

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

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