The ODP Co. (NASDAQ:ODP) Shares Acquired by Mork Capital Management LLC

Mork Capital Management LLC grew its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 150.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,000 shares of the specialty retailer's stock after buying an additional 75,000 shares during the period. ODP accounts for about 2.7% of Mork Capital Management LLC's investment portfolio, making the stock its biggest holding. Mork Capital Management LLC owned 0.42% of ODP worth $3,719,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ODP. Centiva Capital LP bought a new stake in ODP during the third quarter worth approximately $288,000. Paloma Partners Management Co bought a new stake in ODP during the third quarter worth approximately $279,000. Verition Fund Management LLC grew its position in ODP by 103.3% in the third quarter. Verition Fund Management LLC now owns 80,829 shares of the specialty retailer's stock worth $2,405,000 after buying an additional 41,075 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in ODP by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer's stock worth $2,458,000 after buying an additional 790 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in ODP by 1.3% in the third quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer's stock worth $2,119,000 after buying an additional 900 shares during the last quarter. Institutional investors own 99.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ODP shares. UBS Group decreased their price target on shares of ODP from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. StockNews.com upgraded shares of ODP from a "hold" rating to a "buy" rating in a research report on Thursday, November 7th.

ODP Trading Up 5.7 %

NASDAQ ODP traded up $1.45 on Wednesday, hitting $26.69. 667,188 shares of the stock were exchanged, compared to its average volume of 470,950. The ODP Co. has a 52-week low of $23.69 and a 52-week high of $58.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The company has a market capitalization of $803.90 million, a price-to-earnings ratio of -27.74, a P/E/G ratio of 0.54 and a beta of 1.40. The company's 50-day moving average price is $28.76 and its two-hundred day moving average price is $33.07.

ODP (NASDAQ:ODP - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.89). The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.82 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company's revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. Research analysts predict that The ODP Co. will post 3.26 EPS for the current year.

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.