Findell Capital Management LLC Makes New $5.57 Million Investment in The ODP Co. (NASDAQ:ODP)

Findell Capital Management LLC bought a new position in shares of The ODP Co. (NASDAQ:ODP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 245,000 shares of the specialty retailer's stock, valued at approximately $5,571,000. ODP accounts for 2.3% of Findell Capital Management LLC's holdings, making the stock its 13th biggest holding. Findell Capital Management LLC owned about 0.81% of ODP as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. grew its stake in ODP by 2.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 28,189 shares of the specialty retailer's stock valued at $641,000 after purchasing an additional 568 shares in the last quarter. MetLife Investment Management LLC grew its stake in ODP by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 21,601 shares of the specialty retailer's stock valued at $491,000 after purchasing an additional 994 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 1,198 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of ODP by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 82,784 shares of the specialty retailer's stock worth $1,883,000 after acquiring an additional 1,240 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of ODP by 17.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock worth $258,000 after acquiring an additional 1,700 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

ODP Stock Performance

Shares of ODP stock traded down $0.45 during trading on Wednesday, reaching $18.01. The company's stock had a trading volume of 314,923 shares, compared to its average volume of 620,051. The business's fifty day moving average price is $14.35 and its 200-day moving average price is $20.49. The ODP Co. has a one year low of $11.85 and a one year high of $43.31. The firm has a market cap of $541.78 million, a price-to-earnings ratio of -19.79, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29. 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 announced its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.41. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm's revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, equities research analysts predict that The ODP Co. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded ODP from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

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.