Atlas FRM LLC Purchases Shares of 785,213 The ODP Co. (NASDAQ:ODP)

Atlas FRM LLC acquired a new position in The ODP Co. (NASDAQ:ODP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 785,213 shares of the specialty retailer's stock, valued at approximately $17,856,000. ODP comprises about 1.7% of Atlas FRM LLC's investment portfolio, making the stock its 9th largest holding. Atlas FRM LLC owned approximately 2.61% of ODP as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ODP. GAMMA Investing LLC increased its position in shares of ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after acquiring an additional 3,071 shares during the period. Tower Research Capital LLC TRC increased its holdings in ODP by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after purchasing an additional 1,198 shares during the period. KLP Kapitalforvaltning AS bought a new stake in ODP during the 4th quarter valued at $150,000. Inceptionr LLC purchased a new stake in shares of ODP in the 4th quarter worth $223,000. Finally, Walleye Capital LLC bought a new position in shares of ODP during the 4th quarter worth $253,000. Hedge funds and other institutional investors own 99.56% of the company's stock.

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 traded hands, compared to its average volume of 615,293. The firm has a market capitalization of $421.92 million, a P/E ratio of -15.55, a PEG ratio of 0.30 and a beta of 1.45. The ODP Co. has a 1 year low of $11.85 and a 1 year high of $52.60. 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 business has a fifty day simple moving average of $14.24 and a two-hundred day simple moving average of $21.28.

ODP (NASDAQ:ODP - Get Free Report) 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). 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 during the quarter, compared to the consensus estimate of $1.61 billion. Sell-side analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.