The ODP Co. (NASDAQ:ODP) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in The ODP Co. (NASDAQ:ODP) by 380.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,879 shares of the specialty retailer’s stock after buying an additional 3,071 shares during the period. GAMMA Investing LLC’s holdings in ODP were worth $88,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Weiss Asset Management LP increased its position in shares of ODP by 2,219.3% in the third quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock worth $16,992,000 after acquiring an additional 546,525 shares in the last quarter. DME Capital Management LP grew its position in ODP by 29.9% during the 2nd quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock worth $87,276,000 after purchasing an additional 511,890 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in ODP by 106.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 330,177 shares of the specialty retailer’s stock worth $12,966,000 after purchasing an additional 170,149 shares in the last quarter. American Century Companies Inc. raised its stake in ODP by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock valued at $32,707,000 after purchasing an additional 136,730 shares during the period. Finally, Mork Capital Management LLC lifted its holdings in shares of ODP by 150.0% in the third quarter. Mork Capital Management LLC now owns 125,000 shares of the specialty retailer’s stock valued at $3,719,000 after purchasing an additional 75,000 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Price Performance

Shares of NASDAQ:ODP opened at $22.31 on Friday. The business has a fifty day simple moving average of $25.49 and a 200 day simple moving average of $30.29. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The ODP Co. has a 1 year low of $21.52 and a 1 year high of $58.13. The firm has a market cap of $671.93 million, a price-to-earnings ratio of -24.52, a P/E/G ratio of 0.60 and a beta of 1.40.

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). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the business earned $1.88 earnings per share. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, sell-side analysts predict that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ODP has been the topic of a number of research analyst reports. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. UBS Group lowered their target price on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

ODP Company Profile

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.