GAMMA Investing LLC Buys 3,071 Shares of The ODP Co. (NASDAQ:ODP)

GAMMA Investing LLC boosted its stake in shares of The ODP Co. (NASDAQ:ODP) by 380.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,879 shares of the specialty retailer’s stock after purchasing an additional 3,071 shares during the quarter. GAMMA Investing LLC’s holdings in ODP were worth $88,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of ODP by 170.3% during the 2nd quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 688 shares during the last quarter. KBC Group NV increased its position in ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after buying an additional 868 shares during the period. SG Americas Securities LLC acquired a new position in shares of ODP during the third quarter worth approximately $104,000. Hsbc Holdings PLC bought a new stake in shares of ODP in the second quarter valued at approximately $282,000. Finally, Intech Investment Management LLC acquired a new stake in shares of ODP in the second quarter worth $338,000. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Stock Down 0.2 %

Shares of ODP stock opened at $22.31 on Friday. The ODP Co. has a one year low of $21.52 and a one year high of $58.13. 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 stock has a fifty day moving average price of $25.49 and a 200 day moving average price of $30.29. The stock has a market cap of $671.93 million, a P/E ratio of -24.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40.

ODP (NASDAQ:ODP) last posted its earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $1.88 EPS. The business’s revenue was down 11.3% compared to the same quarter last year. Analysts predict that The ODP Co. will post 3.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ODP. StockNews.com upgraded shares of ODP from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. UBS Group dropped their price objective on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th.

About ODP

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.