Ancora Advisors LLC Raises Holdings in The ODP Co. (NASDAQ:ODP)

Ancora Advisors LLC raised its holdings in The ODP Co. (NASDAQ:ODP - Free Report) by 33,432.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,130 shares of the specialty retailer's stock after buying an additional 133,730 shares during the period. Ancora Advisors LLC owned about 0.45% of ODP worth $3,050,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Atlas FRM LLC purchased a new position in ODP during the 4th quarter worth approximately $17,856,000. Barclays PLC boosted its holdings in shares of ODP by 119.5% in the fourth quarter. Barclays PLC now owns 218,752 shares of the specialty retailer's stock valued at $4,974,000 after acquiring an additional 119,081 shares during the period. Norges Bank purchased a new position in shares of ODP during the fourth quarter worth approximately $2,589,000. Jane Street Group LLC grew its position in shares of ODP by 51.8% during the fourth quarter. Jane Street Group LLC now owns 291,768 shares of the specialty retailer's stock worth $6,635,000 after acquiring an additional 99,584 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of ODP by 13.0% in the 4th quarter. Northern Trust Corp now owns 600,027 shares of the specialty retailer's stock valued at $13,645,000 after acquiring an additional 69,198 shares during the period. 99.56% of the stock is owned by hedge funds and other institutional investors.

ODP Stock Performance

ODP stock traded up $1.86 during trading on Friday, hitting $17.28. The company had a trading volume of 410,669 shares, compared to its average volume of 618,746. The firm has a 50-day moving average price of $14.17 and a 200-day moving average price of $20.83. 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 firm has a market cap of $515.26 million, a PE ratio of -18.99, a price-to-earnings-growth 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 $43.94.

ODP (NASDAQ:ODP - Get Free Report) last released its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company's revenue for the quarter was down 9.2% compared to the same quarter last year. On average, analysts expect that The ODP Co. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of ODP from a "hold" rating to a "buy" rating in a research note on Friday.

About ODP

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.