Fairpointe Capital Has Cut Position in Office Depot (ODP) by $1.02 Million as Market Value Rose; Northern Capital Management Upped Bank Of America Corp. (BAC) Stake

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Northern Capital Management Llc increased its stake in Bank Of America Corp. (BAC) by 25.76% based on its latest 2018Q4 regulatory filing with the SEC. Northern Capital Management Llc bought 45,540 shares as the company’s stock rose 2.11% with the market. The institutional investor held 222,340 shares of the major banks company at the end of 2018Q4, valued at $5.48 million, up from 176,800 at the end of the previous reported quarter. Northern Capital Management Llc who had been investing in Bank Of America Corp. for a number of months, seems to be bullish on the $282.42B market cap company. The stock decreased 0.54% or $0.16 during the last trading session, reaching $29.3. About 82.35 million shares traded or 21.65% up from the average. Bank of America Corporation (NYSE:BAC) has declined 7.78% since March 17, 2018 and is downtrending. It has underperformed by 12.15% the S&P500. Some Historical BAC News: 31/03/2018 – Mansion Global: Former Merrill Lynch CEO John Thain Slated to Join Deutsche Bank Supervisory Board; 13/03/2018 – Kennametal to Attend Bank of America Merrill Lynch Global Industrials Conference on March 21st – 22nd, 2018; 19/03/2018 – RPT-ECB, BOJ SEEN LAGGING ABOUT 3 YEARS BEHIND FED IN POLICY NORMALIZATION AS INFLATION IN EUROPE, JAPAN WILL LIKELY REMAIN BELOW TARGET – BANK OF AMERICA MERRILL LYNCH; 02/04/2018 – Warren Buffett just made a quick $12 billion on a clever Bank of America investment; 11/05/2018 – MyoKardia Presenting at Bank of America Conference May 15; 23/03/2018 – Markets not panicking yet over trade war threat – BAML; 19/04/2018 – Phibro Animal Health Corporation to Participate in Bank of America Merrill Lynch 2018 Health Care Conference; 15/05/2018 – Polar Asset Adds JB Hunt, Exits Bank of America: 13F; 11/05/2018 – Owens & Minor Presenting at Bank of America Conference May 15; 14/05/2018 – Alder Bio Presenting at Bank of America Conference Tomorrow

Fairpointe Capital Llc decreased its stake in Office Depot Inc (ODP) by 1.81% based on its latest 2018Q4 regulatory filing with the SEC. Fairpointe Capital Llc sold 510,907 shares as the company’s stock rose 7.38% with the market. The institutional investor held 27.68M shares of the consumer services company at the end of 2018Q4, valued at $71.41 million, down from 28.19 million at the end of the previous reported quarter. Fairpointe Capital Llc who had been investing in Office Depot Inc for a number of months, seems to be less bullish one the $1.82 billion market cap company. The stock increased 2.13% or $0.07 during the last trading session, reaching $3.36. About 8.56M shares traded or 45.00% up from the average. Office Depot, Inc. (NASDAQ:ODP) has risen 44.81% since March 17, 2018 and is uptrending. It has outperformed by 40.44% the S&P500. Some Historical ODP News: 16/05/2018 – OFFICE DEPOT INC – OUTLOOK TO 2020 SEES SERVICES REVENUE GROWING TO APPROXIMATELY 20% OF TOTAL SALES; 18/04/2018 – CompuCom Launches CompuCom Wholesaleâ„¢ Vertical; 21/03/2018 – CFO Moves: Office Depot, Maersk, Outfront Media, Simon Property Group; 16/05/2018 – Office Depot Wants Investors to Not See It as Just a Retailer; 21/04/2018 – DJ Office Depot Inc, Inst Holders, 1Q 2018 (ODP); 09/05/2018 – OFFICE DEPOT INC – SEES 2018 SALES ABOUT $10.8 BLN; 16/05/2018 – OFFICE DEPOT INC ODP.O FY2018 SHR VIEW $0.31, REV VIEW $10.88 BLN — THOMSON REUTERS l/B/E/S; 09/05/2018 – OFFICE DEPOT SEES YR SALES ABOUT $10.8B,SAW $10.6B, EST. $10.8B; 16/05/2018 – Office Depot Expects 5.5% Growth in Yr Over Yr Sales in 2018; 19/03/2018 – Office Depot, Inc. Appoints Scott Kriss Senior Vice President and Chief Accounting Officer

Investors sentiment decreased to 1.56 in 2018 Q4. Its down 0.02, from 1.58 in 2018Q3. It fall, as 21 investors sold ODP shares while 59 reduced holdings. 43 funds opened positions while 82 raised stakes. 473.21 million shares or 2.02% less from 482.96 million shares in 2018Q3 were reported. Highstreet Asset Mngmt holds 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 802 shares. Moreover, Charles Schwab Investment Mngmt Inc has 0.01% invested in Office Depot, Inc. (NASDAQ:ODP). 1.58 million are owned by Jacobs Levy Equity. Coldstream Capital holds 0.01% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 48,992 shares. The Pennsylvania-based Pnc Ser has invested 0% in Office Depot, Inc. (NASDAQ:ODP). Conning Incorporated reported 14,800 shares. Renaissance Tech Ltd Liability Corporation holds 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 1.46M shares. Amer International accumulated 0% or 423,181 shares. Alaska-based State Of Alaska Department Of Revenue has invested 0.01% in Office Depot, Inc. (NASDAQ:ODP). The Texas-based Bridgeway Mgmt has invested 0.08% in Office Depot, Inc. (NASDAQ:ODP). Alliancebernstein LP owns 0% invested in Office Depot, Inc. (NASDAQ:ODP) for 736,399 shares. Ajo Ltd Partnership reported 279,294 shares. Fil Limited invested in 0% or 49 shares. Bnp Paribas Arbitrage holds 68,005 shares. Invesco Ltd invested in 0% or 2.21 million shares.

Fairpointe Capital Llc, which manages about $7.00 billion and $2.91B US Long portfolio, upped its stake in Lear Corp (NYSE:LEA) by 30,266 shares to 271,510 shares, valued at $33.36M in 2018Q4, according to the filing. It also increased its holding in Lkq Corp (NASDAQ:LKQ) by 148,501 shares in the quarter, for a total of 3.29M shares, and has risen its stake in Lions Gate Entertainment Cl A.

Analysts await Office Depot, Inc. (NASDAQ:ODP) to report earnings on May, 8. They expect $0.11 earnings per share, up 37.50% or $0.03 from last year’s $0.08 per share. ODP’s profit will be $59.52M for 7.64 P/E if the $0.11 EPS becomes a reality. After $0.09 actual earnings per share reported by Office Depot, Inc. for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

More notable recent Office Depot, Inc. (NASDAQ:ODP) news were published by: Nasdaq.com which released: “Miscellaneous Retail Industry Outlook: Prospects Look Bright – Nasdaq” on March 06, 2019, also Fool.com with their article: “3 International Stocks You’ll See in the U.S. Soon – Motley Fool” published on March 05, 2019, Benzinga.com published: “30 Stocks Moving In Monday’s Pre-Market Session – Benzinga” on March 04, 2019. More interesting news about Office Depot, Inc. (NASDAQ:ODP) were released by: Nasdaq.com and their article: “3 Reasons Why You Should Invest in Office Depot (ODP) Stock – Nasdaq” published on January 23, 2019 as well as Nasdaq.com‘s news article titled: “Office Depot, Inc. (ODP) Ex-Dividend Date Scheduled for February 28, 2019 – Nasdaq” with publication date: February 27, 2019.

Northern Capital Management Llc, which manages about $394.79M and $372.59 million US Long portfolio, decreased its stake in Merck & Co Inc (NYSE:MRK) by 4,100 shares to 5,896 shares, valued at $451,000 in 2018Q4, according to the filing. It also reduced its holding in Agribusiness Fund by 12,900 shares in the quarter, leaving it with 32,259 shares, and cut its stake in Vg (VMBS).

Investors sentiment decreased to 0.83 in 2018 Q4. Its down 0.01, from 0.84 in 2018Q3. It dived, as 107 investors sold BAC shares while 616 reduced holdings. 124 funds opened positions while 475 raised stakes. 6.44 billion shares or 1.20% more from 6.37 billion shares in 2018Q3 were reported. Miles Capital has invested 0.61% of its portfolio in Bank of America Corporation (NYSE:BAC). Zweig holds 1.09% or 446,132 shares. 412,012 were accumulated by Miracle Mile Advisors Ltd Liability Company. Firefly Value Ptnrs LP owns 556,500 shares. Bremer Tru Natl Association holds 0.11% or 21,190 shares in its portfolio. Jacobs Levy Equity Mngmt invested 0.16% in Bank of America Corporation (NYSE:BAC). Kanawha Llc reported 10,346 shares stake. King Luther Capital Management holds 7.53M shares. Moreover, Tru Of Oklahoma has 0% invested in Bank of America Corporation (NYSE:BAC) for 28,414 shares. Cibc has 0.32% invested in Bank of America Corporation (NYSE:BAC) for 2.52 million shares. 12,515 were accumulated by Ashfield Cap Prtn Ltd Liability Corporation. 398,616 were reported by Brown Brothers Harriman &. Weatherly Asset Lp holds 15,270 shares. Lincluden Limited holds 0.34% in Bank of America Corporation (NYSE:BAC) or 178,998 shares. Investec Asset Management Limited accumulated 1.46% or 13.71 million shares.

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