First Trust Advisors LP Sells 20,324 Shares of The ODP Co. (NASDAQ:ODP)

First Trust Advisors LP lessened its holdings in The ODP Co. (NASDAQ:ODP - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,561 shares of the specialty retailer's stock after selling 20,324 shares during the quarter. First Trust Advisors LP owned 0.20% of ODP worth $1,354,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Jump Financial LLC bought a new stake in ODP during the 4th quarter worth $705,000. Walleye Capital LLC bought a new stake in ODP during the 4th quarter worth $253,000. Barclays PLC grew its position in ODP by 119.5% during the 4th quarter. Barclays PLC now owns 218,752 shares of the specialty retailer's stock worth $4,974,000 after acquiring an additional 119,081 shares during the last quarter. Optimize Financial Inc bought a new stake in ODP during the 4th quarter worth $410,000. Finally, Rockefeller Capital Management L.P. grew its position in ODP by 2.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 28,189 shares of the specialty retailer's stock worth $641,000 after acquiring an additional 568 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised ODP from a "hold" rating to a "buy" rating in a report on Friday.

ODP Trading Up 6.8%

ODP traded up $1.17 during midday trading on Monday, hitting $18.35. 176,314 shares of the company were exchanged, compared to its average volume of 617,414. The firm has a market capitalization of $552.00 million, a P/E ratio of -20.40, a P/E/G ratio of 0.30 and a beta of 1.29. The ODP Co. has a 1-year low of $11.85 and a 1-year high of $43.31. The firm's 50 day moving average price is $14.22 and its 200-day moving average price is $20.59. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping the consensus estimate of $0.65 by $0.41. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business's quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. As a group, equities analysts forecast that The ODP Co. 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.