Russell Investments Group Ltd. Acquires 21,011 Shares of The ODP Co. (NASDAQ:ODP)

Russell Investments Group Ltd. lifted its position in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 65.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,187 shares of the specialty retailer's stock after acquiring an additional 21,011 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of ODP worth $1,209,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ODP. GAMMA Investing LLC grew its position in shares of ODP by 380.1% in the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock valued at $88,000 after purchasing an additional 3,071 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in ODP in the 4th quarter worth approximately $150,000. Inceptionr LLC acquired a new position in shares of ODP in the fourth quarter worth about $223,000. New York State Common Retirement Fund boosted its stake in 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 valued at $258,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Amundi raised its position in shares of ODP by 175.9% during the 4th quarter. Amundi now owns 16,474 shares of the specialty retailer's stock valued at $368,000 after acquiring an additional 10,504 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ODP Price Performance

NASDAQ:ODP traded up $0.61 during midday trading on Thursday, hitting $13.04. 257,956 shares of the stock were exchanged, compared to its average volume of 723,256. The ODP Co. has a one year low of $11.85 and a one year high of $52.60. The company has a market capitalization of $388.83 million, a price-to-earnings ratio of -14.33, a P/E/G ratio of 0.30 and a beta of 1.45. The business has a 50-day moving average price of $14.99 and a two-hundred day moving average price of $22.09. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

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 the consensus estimate of $0.80 by ($0.14). The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. Sell-side analysts predict that The ODP Co. will post 3.26 EPS 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.