GAMMA Investing LLC Raises Stock Holdings in The ODP Corporation (NASDAQ:ODP)

GAMMA Investing LLC lifted its stake in The ODP Corporation (NASDAQ:ODP - Free Report) by 3,755.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,548 shares of the specialty retailer's stock after purchasing an additional 145,669 shares during the period. GAMMA Investing LLC owned 0.50% of ODP worth $2,143,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position 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 worth $98,000 after buying an additional 1,198 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in ODP during the fourth quarter worth about $143,000. KLP Kapitalforvaltning AS purchased a new stake in ODP in the fourth quarter worth about $150,000. Inceptionr LLC purchased a new stake in ODP in the fourth quarter worth about $223,000. Finally, ProShare Advisors LLC increased its stake in shares of ODP by 34.9% during the fourth quarter. ProShare Advisors LLC now owns 9,799 shares of the specialty retailer's stock valued at $223,000 after purchasing an additional 2,536 shares in the last quarter. Institutional investors own 99.56% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded ODP from a "hold" rating to a "buy" rating in a research note on Saturday.

ODP Stock Down 5.3%

Shares of ODP traded down $0.92 during trading hours on Tuesday, hitting $16.49. The company had a trading volume of 534,677 shares, compared to its average volume of 617,015. The ODP Corporation has a 52-week low of $11.85 and a 52-week high of $43.31. The firm has a fifty day moving average price of $15.63 and a 200-day moving average price of $18.68. The stock has a market capitalization of $496.02 million, a price-to-earnings ratio of -11.86, a P/E/G ratio of 0.41 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.45 and a current ratio of 0.94.

ODP (NASDAQ:ODP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.41. ODP had a negative net margin of 0.69% and a positive return on equity of 11.50%. The business had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The business's revenue for the quarter was down 9.2% compared to the same quarter last year. On average, equities research analysts forecast that The ODP Corporation will post 3.26 EPS for the current fiscal 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.