The ODP Co. (NASDAQ:ODP) Stock Holdings Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 65.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,187 shares of the specialty retailer's stock after buying an additional 21,011 shares during the period. Russell Investments Group Ltd. owned about 0.18% of ODP worth $1,209,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in ODP in the fourth quarter valued at $2,589,000. American Century Companies Inc. increased its position in shares of ODP by 6.8% in the 4th quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer's stock worth $23,041,000 after purchasing an additional 64,641 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of ODP in the 4th quarter valued at about $1,377,000. Barclays PLC lifted its position in shares of 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, ExodusPoint Capital Management LP acquired a new position in ODP in the fourth quarter worth about $797,000. Institutional investors and hedge funds own 99.56% of the company's stock.

ODP Stock Performance

ODP stock traded down $0.17 during mid-day trading on Friday, reaching $12.89. The company's stock had a trading volume of 47,356 shares, compared to its average volume of 609,111. The firm has a market cap of $384.44 million, a price-to-earnings ratio of -14.19, a PEG 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 business has a 50 day moving average price of $14.85 and a 200-day moving average price of $21.97. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

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

Wall Street Analyst Weigh In

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

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.