FORA Capital LLC Lowers Stake in The ODP Co. (NASDAQ:ODP)

FORA Capital LLC trimmed its stake in The ODP Co. (NASDAQ:ODP) by 9.0% during the 4th quarter, HoldingsChannel reports. The fund owned 11,621 shares of the specialty retailer’s stock after selling 1,145 shares during the quarter. FORA Capital LLC’s holdings in ODP were worth $264,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Atlas FRM LLC purchased a new position in shares of ODP in the fourth quarter worth $17,856,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of ODP by 105.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer’s stock worth $17,921,000 after buying an additional 404,041 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of ODP during the 4th quarter valued at $3,716,000. Ancora Advisors LLC grew its holdings in ODP by 33,432.5% during the fourth quarter. Ancora Advisors LLC now owns 134,130 shares of the specialty retailer’s stock valued at $3,050,000 after purchasing an additional 133,730 shares during the period. Finally, Barclays PLC increased its holdings in ODP by 119.5% in the 4th quarter. Barclays PLC now owns 218,752 shares of the specialty retailer’s stock worth $4,974,000 after acquiring an additional 119,081 shares in the last quarter. 99.56% of the stock is owned by hedge funds and other institutional investors.

ODP Price Performance

Shares of ODP stock opened at $17.18 on Friday. The firm has a market cap of $516.81 million, a PE ratio of -18.88, a PEG ratio of 0.30 and a beta of 1.29. The stock has a 50 day moving average of $14.22 and a 200 day moving average of $20.66. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The ODP Co. has a 12 month low of $11.85 and a 12 month high of $43.31.

ODP (NASDAQ:ODP) last posted its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.41. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 EPS. On average, research analysts expect that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised ODP from a “hold” rating to a “buy” rating in a report on Friday.

ODP 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.