785,213 Shares in The ODP Co. (NASDAQ:ODP) Bought by Atlas FRM LLC

Atlas FRM LLC acquired a new stake in The ODP Co. (NASDAQ:ODP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 785,213 shares of the specialty retailer's stock, valued at approximately $17,856,000. ODP accounts for 1.7% of Atlas FRM LLC's holdings, making the stock its 9th biggest holding. Atlas FRM LLC owned approximately 2.61% of ODP at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ODP. Northern Trust Corp boosted its holdings in ODP by 13.0% in the fourth quarter. Northern Trust Corp now owns 600,027 shares of the specialty retailer's stock valued at $13,645,000 after purchasing an additional 69,198 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of ODP by 38.3% in the 4th 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 during the period. MetLife Investment Management LLC grew its position in shares of ODP by 4.8% during the fourth quarter. MetLife Investment Management LLC now owns 21,601 shares of the specialty retailer's stock worth $491,000 after buying an additional 994 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of ODP during the fourth quarter worth approximately $705,000. Finally, Walleye Capital LLC acquired a new stake in ODP in the fourth quarter valued at approximately $253,000. Institutional investors and hedge funds own 99.56% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ODP from a "hold" rating to a "buy" rating in a research report on Thursday.

ODP Stock Up 1.8 %

ODP stock traded up $0.25 during trading on Friday, hitting $14.15. 388,411 shares of the company's stock were exchanged, compared to its average volume of 616,759. The stock has a market capitalization of $421.92 million, a price-to-earnings ratio of -15.55, a PEG ratio of 0.30 and a beta of 1.45. The ODP Co. has a 52-week low of $11.85 and a 52-week high of $52.60. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $14.24 and a two-hundred day moving average price of $21.22.

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

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.