GSA Capital Partners LLP Has $246,000 Stock Holdings in The ODP Co. (NASDAQ:ODP)

GSA Capital Partners LLP reduced its position in shares of The ODP Co. (NASDAQ:ODP) by 58.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,258 shares of the specialty retailer’s stock after selling 11,601 shares during the period. GSA Capital Partners LLP’s holdings in ODP were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in shares of ODP by 2.1% in the third quarter. State of Alaska Department of Revenue now owns 19,156 shares of the specialty retailer’s stock valued at $569,000 after buying an additional 394 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of ODP by 2.6% in the second quarter. SummerHaven Investment Management LLC now owns 15,830 shares of the specialty retailer’s stock worth $622,000 after acquiring an additional 399 shares during the last quarter. CWM LLC raised its stake in shares of ODP by 81.3% in the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 422 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of ODP by 1.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 28,399 shares of the specialty retailer’s stock valued at $1,115,000 after purchasing an additional 438 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of ODP by 0.3% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock valued at $4,713,000 after purchasing an additional 459 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

ODP Trading Up 2.4 %

ODP opened at $27.26 on Friday. The firm has a 50 day simple moving average of $29.25 and a 200 day simple moving average of $33.90. The ODP Co. has a fifty-two week low of $23.69 and a fifty-two week high of $58.98. The company has a market cap of $821.07 million, a price-to-earnings ratio of -29.96, a price-to-earnings-growth ratio of 0.58 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47.

ODP (NASDAQ:ODP) last posted its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. On average, sell-side analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ODP. StockNews.com raised ODP from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. UBS Group cut their price target on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

About ODP

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.