Russell Investments Group Ltd. Increases Stake in The ODP Co. (NASDAQ:ODP)

Russell Investments Group Ltd. raised its holdings in The ODP Co. (NASDAQ:ODP) by 65.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,187 shares of the specialty retailer’s stock after buying an additional 21,011 shares during the period. Russell Investments Group Ltd. owned approximately 0.18% of ODP worth $1,209,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of ODP by 380.1% in the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock valued at $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 about $150,000. Inceptionr LLC purchased a new stake in shares of ODP in the 4th quarter valued at about $223,000. New York State Common Retirement Fund grew its stake in ODP by 17.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer’s stock worth $258,000 after buying an additional 1,700 shares during the last quarter. Finally, Amundi grew its position in shares of ODP by 175.9% during the fourth quarter. Amundi now owns 16,474 shares of the specialty retailer’s stock worth $368,000 after acquiring an additional 10,504 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Stock Up 4.0 %

ODP opened at $13.71 on Monday. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $52.69. The business has a 50 day moving average price of $15.45 and a two-hundred day moving average price of $22.35. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market cap of $408.80 million, a PE ratio of -15.07, a P/E/G ratio of 0.30 and a beta of 1.45.

ODP (NASDAQ:ODP) last released its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. As a group, research analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of ODP from a “hold” rating to a “buy” rating in a research note 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.