Jump Financial LLC Buys New Position in The ODP Co. (NASDAQ:ODP)

Jump Financial LLC purchased a new stake in The ODP Co. (NASDAQ:ODP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,000 shares of the specialty retailer's stock, valued at approximately $705,000. Jump Financial LLC owned 0.10% of ODP at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ODP. Geode Capital Management LLC lifted its stake in ODP by 0.4% during the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer's stock worth $24,219,000 after purchasing an additional 3,041 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in ODP by 65.3% during the fourth quarter. Russell Investments Group Ltd. now owns 53,187 shares of the specialty retailer's stock worth $1,209,000 after purchasing an additional 21,011 shares during the last quarter. GAMMA Investing LLC lifted its stake in ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after purchasing an additional 3,071 shares during the last quarter. Barclays PLC lifted its stake in ODP by 114.3% during the third quarter. Barclays PLC now owns 99,671 shares of the specialty retailer's stock worth $2,965,000 after purchasing an additional 53,160 shares during the last quarter. Finally, Amundi lifted its stake in ODP by 175.9% during the fourth quarter. Amundi now owns 16,474 shares of the specialty retailer's stock worth $368,000 after purchasing an additional 10,504 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ODP from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

ODP Trading Up 0.4 %

ODP stock traded up $0.05 during trading hours on Monday, hitting $13.37. The stock had a trading volume of 510,045 shares, compared to its average volume of 612,841. The stock has a market cap of $398.67 million, a price-to-earnings ratio of -14.69, a P/E/G ratio of 0.30 and a beta of 1.45. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The business's 50 day simple moving average is $14.62 and its 200-day simple moving average is $21.62. The ODP Co. has a one year low of $11.85 and a one year high of $52.60.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.14). The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. On average, equities analysts predict 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.