JPMorgan Chase & Co. Sells 28,418 Shares of The ODP Co. (NASDAQ:ODP)

JPMorgan Chase & Co. lessened its holdings in The ODP Co. (NASDAQ:ODP) by 49.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,379 shares of the specialty retailer’s stock after selling 28,418 shares during the period. JPMorgan Chase & Co. owned approximately 0.10% of ODP worth $668,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in ODP by 380.1% during the fourth 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. KLP Kapitalforvaltning AS purchased a new position in shares of ODP during the fourth quarter worth $150,000. Inceptionr LLC acquired a new position in shares of ODP in the 4th quarter valued at about $223,000. New York State Common Retirement Fund grew its stake in shares of 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 purchasing an additional 1,700 shares during the period. Finally, Amundi raised its position in shares of ODP by 175.9% in 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 period. 99.56% of the stock is owned by institutional investors.

ODP Price Performance

Shares of ODP opened at $13.55 on Wednesday. The company has a market capitalization of $404.03 million, a price-to-earnings ratio of -14.89, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45. 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 $52.60. The firm has a 50-day simple moving average of $14.53 and a 200-day simple moving average of $21.56.

ODP (NASDAQ:ODP) last issued its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.14). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, equities research analysts anticipate that The ODP Co. will post 3.26 earnings per share 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 report on Friday, April 18th.

ODP Company 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.