Voloridge Investment Management LLC Sells 27,874 Shares of The ODP Co. (NASDAQ:ODP)

Voloridge Investment Management LLC reduced its stake in The ODP Co. (NASDAQ:ODP - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,771 shares of the specialty retailer's stock after selling 27,874 shares during the period. Voloridge Investment Management LLC owned 0.52% of ODP worth $3,542,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of ODP by 6.8% in the fourth quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer's stock valued at $23,041,000 after purchasing an additional 64,641 shares during the period. Neuberger Berman Group LLC raised its position in shares of ODP by 0.5% in the fourth quarter. Neuberger Berman Group LLC now owns 911,604 shares of the specialty retailer's stock valued at $20,697,000 after purchasing an additional 4,569 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of ODP by 105.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer's stock valued at $17,921,000 after purchasing an additional 404,041 shares during the period. Atlas FRM LLC bought a new position in shares of ODP in the fourth quarter valued at about $17,856,000. Finally, Northern Trust Corp raised its position in shares of 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. 99.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of ODP from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

ODP Stock Performance

NASDAQ:ODP traded up $0.33 during mid-day trading on Thursday, reaching $16.33. 423,503 shares of the company's stock were exchanged, compared to its average volume of 620,083. The ODP Co. has a one year low of $11.85 and a one year high of $43.31. The firm has a market capitalization of $491.24 million, a PE ratio of -17.95, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29. The business's fifty day simple moving average is $14.65 and its two-hundred day simple moving average is $19.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.41. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm earned $1.05 earnings per share. ODP's revenue for the quarter was down 9.2% compared to the same quarter last year. Analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

ODP 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.