WINTON GROUP Ltd bought a new stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,889 shares of the specialty retailer's stock, valued at approximately $498,000. WINTON GROUP Ltd owned approximately 0.07% of ODP at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ODP. GAMMA Investing LLC grew its stake in shares of 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 acquired a new stake in shares of ODP during the fourth quarter worth $150,000. Inceptionr LLC purchased a new stake in shares of ODP during the fourth quarter valued at $223,000. New York State Common Retirement Fund increased its position in shares of ODP by 17.6% in 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in ODP by 13.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer's stock worth $268,000 after acquiring an additional 1,049 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.
ODP Stock Performance
ODP traded up $0.68 during trading on Friday, reaching $13.87. 1,061,595 shares of the company's stock were exchanged, compared to its average volume of 586,566. 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 ODP Co. has a 1 year low of $12.33 and a 1 year high of $52.69. The company's fifty day simple moving average is $17.57 and its 200-day simple moving average is $23.76. The stock has a market capitalization of $413.58 million, a P/E ratio of -15.24, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55.
ODP (NASDAQ:ODP - Get Free Report) last issued its 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). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.61 billion. As a group, research analysts predict that The ODP Co. will post 3.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com downgraded ODP from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.
Check Out Our Latest Stock Report on ODP
About ODP
(
Free Report)
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.
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