FORA Capital LLC Sells 1,145 Shares of The ODP Co. (NASDAQ:ODP)

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

A number of other hedge funds also recently modified their holdings of ODP. Russell Investments Group Ltd. lifted its holdings in ODP by 65.3% during the fourth quarter. Russell Investments Group Ltd. now owns 53,187 shares of the specialty retailer’s stock valued at $1,209,000 after purchasing an additional 21,011 shares during the last quarter. GAMMA Investing LLC grew its position in shares of ODP by 380.1% during the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock valued at $88,000 after purchasing an additional 3,071 shares in the last quarter. Barclays PLC grew its position in ODP by 114.3% during the third quarter. Barclays PLC now owns 99,671 shares of the specialty retailer’s stock worth $2,965,000 after buying an additional 53,160 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of ODP by 16.2% in the fourth quarter. Wells Fargo & Company MN now owns 19,539 shares of the specialty retailer’s stock worth $444,000 after purchasing an additional 2,717 shares during the last quarter. Finally, Amundi raised its position in shares of ODP by 175.9% during the 4th quarter. Amundi now owns 16,474 shares of the specialty retailer’s stock valued at $368,000 after buying an additional 10,504 shares in the last quarter. Institutional investors own 99.56% of the company’s stock.

Wall Street Analyst Weigh In

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

ODP Stock Performance

NASDAQ:ODP opened at $17.18 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The ODP Co. has a fifty-two week low of $11.85 and a fifty-two week high of $43.31. The firm has a market cap of $516.81 million, a PE ratio of -18.88, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29. The business has a 50 day moving average price of $14.22 and a 200-day moving average price of $20.66.

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

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.