The ODP Co. (NASDAQ:ODP) Shares Sold by EMC Capital Management

EMC Capital Management lessened its stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 70.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,030 shares of the specialty retailer's stock after selling 14,483 shares during the period. EMC Capital Management's holdings in ODP were worth $137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP increased its stake in ODP by 170.3% in the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 688 shares during the period. KBC Group NV increased its stake in ODP by 88.9% in the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer's stock worth $55,000 after purchasing an additional 868 shares during the period. GAMMA Investing LLC increased its stake in ODP by 380.1% in the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after purchasing an additional 3,071 shares during the period. SG Americas Securities LLC purchased a new stake in ODP in the third quarter worth $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ODP by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer's stock worth $268,000 after purchasing an additional 1,049 shares during the period. Hedge funds and other institutional investors own 99.56% of the company's stock.

ODP Stock Up 1.7 %

ODP stock traded up $0.36 during trading on Tuesday, reaching $21.58. 136,712 shares of the company traded hands, compared to its average volume of 418,361. The ODP Co. has a 12 month low of $20.84 and a 12 month high of $58.13. The business has a 50 day simple moving average of $24.40 and a 200 day simple moving average of $28.43. The company has a market capitalization of $649.90 million, a price-to-earnings ratio of -23.58, a price-to-earnings-growth ratio of 0.37 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92.

ODP (NASDAQ:ODP - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. ODP's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 EPS. On average, equities research analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ODP shares. StockNews.com lowered ODP from a "buy" rating to a "hold" rating in a research note on Friday. 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.