GSA Capital Partners LLP reduced its position in The ODP Co. (NASDAQ:ODP – Get Rating) by 52.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,538 shares of the specialty retailer's stock after selling 7,155 shares during the quarter. GSA Capital Partners LLP's holdings in ODP were worth $300,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Mascoma Wealth Management LLC acquired a new position in shares of ODP during the 1st quarter valued at $74,000. Gladius Capital Management LP lifted its position in shares of ODP by 31.4% during the 1st quarter. Gladius Capital Management LP now owns 3,523 shares of the specialty retailer's stock valued at $162,000 after acquiring an additional 842 shares during the period. Point72 Hong Kong Ltd lifted its position in shares of ODP by 433.3% during the 4th quarter. Point72 Hong Kong Ltd now owns 4,714 shares of the specialty retailer's stock valued at $185,000 after acquiring an additional 3,830 shares during the period. Strs Ohio acquired a new position in shares of ODP during the 1st quarter valued at $215,000. Finally, Profund Advisors LLC lifted its position in shares of ODP by 24.1% during the 1st quarter. Profund Advisors LLC now owns 6,374 shares of the specialty retailer's stock valued at $292,000 after acquiring an additional 1,239 shares during the period. 94.48% of the stock is owned by institutional investors.
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Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of ODP from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 5th. UBS Group lowered their price objective on shares of ODP from $50.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, August 4th.
ODP Stock Performance
ODP opened at $35.99 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12. The company's fifty day moving average price is $34.36 and its two-hundred day moving average price is $39.87. The ODP Co. has a 1-year low of $28.85 and a 1-year high of $48.00. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -20.22 and a beta of 1.89.
ODP (NASDAQ:ODP – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The specialty retailer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.33. ODP had a negative net margin of 1.08% and a positive return on equity of 14.99%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business's revenue was down 11.0% on a year-over-year basis. On average, analysts expect that The ODP Co. will post 4.3 EPS for the current fiscal year.
Insider Activity
In other news, EVP Zoe Maloney sold 6,800 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $36.86, for a total value of $250,648.00. Following the completion of the sale, the executive vice president now owns 21,932 shares in the company, valued at $808,413.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.
ODP Company Profile
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The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S.
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