The ODP Co. (NASDAQ:ODP) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its position in The ODP Co. (NASDAQ:ODP - Free Report) by 49.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,379 shares of the specialty retailer's stock after selling 28,418 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.10% of ODP worth $668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in ODP by 380.1% in the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock valued at $88,000 after purchasing an additional 3,071 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of ODP during the fourth quarter worth about $150,000. Inceptionr LLC purchased a new stake in shares of ODP during the fourth quarter worth approximately $223,000. New York State Common Retirement Fund raised its holdings in ODP by 17.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock valued at $258,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Amundi lifted its stake in ODP by 175.9% in the fourth quarter. Amundi now owns 16,474 shares of the specialty retailer's stock worth $368,000 after acquiring an additional 10,504 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ODP Stock Down 0.6 %

Shares of NASDAQ ODP traded down $0.09 during midday trading on Monday, hitting $14.06. 11,216 shares of the company's stock were exchanged, compared to its average volume of 614,364. The firm's fifty day simple moving average is $14.24 and its 200-day simple moving average is $21.15. The company has a market cap of $419.24 million, a PE ratio of -15.45, a P/E/G ratio of 0.30 and a beta of 1.45. The ODP Co. has a twelve month low of $11.85 and a twelve month high of $52.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47.

ODP (NASDAQ:ODP - Get Free Report) last issued its earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.14). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. Research analysts predict that The ODP Co. will post 3.26 EPS 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.