Geode Capital Management LLC Sells 51,940 Shares of The ODP Co. (NASDAQ:ODP)

Geode Capital Management LLC cut its stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 761,955 shares of the specialty retailer's stock after selling 51,940 shares during the period. Geode Capital Management LLC owned about 2.53% of ODP worth $17,331,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in ODP during the 4th quarter worth about $2,589,000. American Century Companies Inc. raised its position in shares of ODP by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer's stock worth $23,041,000 after acquiring an additional 64,641 shares during the last quarter. Semanteon Capital Management LP acquired a new position in shares of ODP in the fourth quarter worth approximately $1,377,000. Barclays PLC boosted its holdings in ODP by 114.3% in the third quarter. Barclays PLC now owns 99,671 shares of the specialty retailer's stock valued at $2,965,000 after acquiring an additional 53,160 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in ODP by 11.3% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 331,969 shares of the specialty retailer's stock valued at $7,549,000 after purchasing an additional 33,762 shares during the period. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of ODP from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

ODP Trading Up 0.9 %

Shares of ODP stock traded up $0.11 on Wednesday, hitting $12.49. 380,781 shares of the company's stock traded hands, compared to its average volume of 607,901. The company has a fifty day moving average of $15.15 and a two-hundred day moving average of $22.16. The ODP Co. has a one year low of $11.85 and a one year high of $52.69. The company has a market capitalization of $372.31 million, a price-to-earnings ratio of -13.74, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.14). The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. As a group, sell-side analysts expect that The ODP Co. will post 3.26 earnings per share for the current year.

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.