Sherbrooke Park Advisers LLC Boosts Stock Position in The ODP Co. (NASDAQ:ODP)

Sherbrooke Park Advisers LLC grew its holdings in The ODP Co. (NASDAQ:ODP) by 55.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,295 shares of the specialty retailer’s stock after acquiring an additional 4,034 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in ODP were worth $257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rockefeller Capital Management L.P. increased its position in shares of ODP by 2.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 28,189 shares of the specialty retailer’s stock valued at $641,000 after buying an additional 568 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of ODP by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 21,601 shares of the specialty retailer’s stock valued at $491,000 after buying an additional 994 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of ODP by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer’s stock valued at $98,000 after buying an additional 1,198 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of ODP by 17.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer’s stock valued at $258,000 after buying an additional 1,700 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of ODP by 34.9% in the fourth quarter. ProShare Advisors LLC now owns 9,799 shares of the specialty retailer’s stock valued at $223,000 after buying an additional 2,536 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

ODP Stock Performance

Shares of NASDAQ:ODP opened at $17.57 on Tuesday. 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 business’s 50 day moving average price is $14.46 and its 200-day moving average price is $20.04. The firm has a market capitalization of $528.54 million, a PE ratio of -19.31, a P/E/G ratio of 0.30 and a beta of 1.29. The ODP Co. has a 1 year low of $11.85 and a 1 year high of $43.31.

ODP (NASDAQ:ODP) last issued its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) 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 analyst estimates of $1.67 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, equities research analysts expect that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised ODP from a “hold” rating to a “buy” rating in a research note on Friday, May 9th.

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.