35,065 Shares in The ODP Co. (NASDAQ:ODP) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in The ODP Co. (NASDAQ:ODP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 35,065 shares of the specialty retailer's stock, valued at approximately $797,000. ExodusPoint Capital Management LP owned approximately 0.12% of ODP at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ODP. GAMMA Investing LLC lifted its position in ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after acquiring an additional 3,071 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in ODP during the 4th quarter worth $150,000. Inceptionr LLC acquired a new position in shares of ODP in the 4th quarter valued at approximately $223,000. New York State Common Retirement Fund raised its holdings in shares of ODP by 17.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock worth $258,000 after buying an additional 1,700 shares in the last quarter. Finally, Amundi boosted its stake in shares of ODP by 175.9% in the 4th quarter. Amundi now owns 16,474 shares of the specialty retailer's stock valued at $368,000 after purchasing an additional 10,504 shares in the last quarter. Institutional investors own 99.56% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ODP from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.

ODP Trading Up 4.6 %

Shares of ODP traded up $0.57 during mid-day trading on Wednesday, reaching $13.06. 107,398 shares of the company were exchanged, compared to its average volume of 600,429. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $52.69. The business has a 50 day simple moving average of $15.86 and a two-hundred day simple moving average of $22.74. The stock has a market capitalization of $389.54 million, a PE ratio of -14.35, a PEG ratio of 0.30 and a beta of 1.45.

ODP (NASDAQ:ODP - Get Free Report) last released its earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. On average, analysts predict that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

ODP 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.